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


Overview:


EstablishedJune 6, 1997
Membership7 Members
HeadquarterDhaka, Bangladesh.
Secretary GeneralM. Shahidul Islam (from Bangladesh)

BIMSTEC is a South-Asian regional intergovernmental organization. The word BIMSTEC is a acronym of the Bay of bengal Intiative for Multi-Sectoral Technical and Economic Cooperation.

Establishment of the Forum:

This sub-regional organization came into being on June 6, 1997 through the Bangkok Declaration. Initially, this group was formed with four member state Bangladesh, India, Sri-Lanka, and Thailand. And intially, the name of the group was Bangladesh, India, Sri-Lanka, and Thailand Economic Cooperation.

On December 22, 1997, Myanmar Joined this group and the group was renamed as Bangladesh, India, Myanmar, Sri-Lanka, and Thailand Economic Cooperation.

On February 2004, Nepal and Bhutan joined this group and the group was renamed as BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation).

Members of the Forum:

Currently, BIMSTEC comprising seven member states.

flag-iconBangladeshflag-iconIndia
flag-iconSri-Lankaflag-iconNepal
flag-iconMyanmarflag-iconBhutan
flag-iconThailand

The Objectives of Forum:

Initially, the main objectives of BIMSTEC were to cooperate in the field of Trade, Technology, Energy, Transport, Tourism, and Fisheries, but after 2008, it expanded the cooperation in the field of Agriculture, Public Health, Poverty Alleviation, Counter Terrorism, Environment, Culture, People to People contact, and Climate Change.

Headquarter:

The Headquarter of the forum was set up in Dhaka, Bangladesh on September 13, 2014.

India and BIMSTEC:

India is an active member of this forum and also one of the founding members of BIMSTEC.




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