04-Jun-2025
BIMSTEC
Miscellaneous
What is BIMSTEC?
- BIMSTEC stands for Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation.
- It is a regional organisation that connects South Asia and Southeast Asia.
- It was established in 1997 through the Bangkok Declaration to promote economic and social development in the region.
Member Countries: Bangladesh, Bhutan, India, Nepal, Sri Lanka, Myanmar, Thailand
Key Features of BIMSTEC
- Acts as a bridge between Himalayan nations and the Bay of Bengal.
- Focuses on areas like trade, technology, energy, security, and connectivity.
- Seen as an alternative to SAARC for better regional cooperation.
India’s Role in BIMSTEC
- Leads in areas like trade, security, maritime cooperation, and climate action.
- Supports the BIMSTEC Free Trade Agreement to improve regional trade.