BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation)

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  • Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC): It is a regional organization founded in 1997 through the Bangkok Declaration.
  • Aim: To create an enabling environment for economic development; accelerate social progress and promote collaboration on matters of common interest in the region.
  • Members: It comprises seven Member States: five deriving from South Asia, including Bangladesh, Bhutan, India, Nepal, Sri Lanka, and two from Southeast Asia, including Myanmar and Thailand.
  • Headquarters: Dhaka, Bangladesh.
  • First Summit: The First Summit Meeting of the Heads of the BIMSTEC Countries was held in Bangkok, Thailand in 2004.
  • The Fourth Summit was held in Kathmandu, Nepal in 2018.
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