BIMSTEC

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

BIMSTEC stands for Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation. It is a regional organization formed in 1997 to promote economic and technical cooperation among countries around the Bay of Bengal.

Members

Bangladesh
India
Myanmar
Sri Lanka
Thailand
Nepal
Bhutan

Note: Leadership is rotated in alphabetical order of country names

List of 14 main sectors of Cooperation

Trade & Investment
Transport & Communication
Energy
Tourism
Technology
Fisheries
Agriculture
Public Health
Poverty Alleviation
Counter-Terrorism & Transnational Crime
Environment & Disaster Management
People-to-People Contact
Cultural Cooperation
Climate Change

Other Initiatives:

BIMSTEC Free Trade Area Framework Agreement (BFTAFA): has been signed and Trade Negotiating Committee has been appointed for negotiation
BIMSTEC Coastal Shipping Agreement: for faster, cost effective and sustainable movement of cargo once approved
Centres for tourism, climate monitoring & energy have been setup at Delhi, Noida & Bengaluru respectively

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