The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation of seven

South Asia South Asia is the southern subregion of Asia, which is defined in both geographical and ethno-cultural terms. The region consists of the countries of Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka.;;;;; ...

n and

Southeast Asia Southeast Asia, also spelled South East Asia and South-East Asia, and also known as Southeastern Asia, South-eastern Asia or SEA, is the geographical south-eastern region of Asia, consisting of the regions that are situated south of mainland ...

n nations, housing 1.73 billion people and having a combined gross domestic product of US$4.4 trillion (2022).BIMSTEC
/ref> The BIMSTEC member states –

Bangladesh Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the mo ...

Bhutan Bhutan (; dz, འབྲུག་ཡུལ་, Druk Yul ), officially the Kingdom of Bhutan,), is a landlocked country in South Asia. It is situated in the Eastern Himalayas, between China in the north and India in the south. A mountainou ...

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area, the List of countries and dependencies by population, second-most populous ...

Myanmar Myanmar, ; UK pronunciations: US pronunciations incl. . Note: Wikipedia's IPA conventions require indicating /r/ even in British English although only some British English speakers pronounce r at the end of syllables. As John Wells explai ...

Nepal Nepal (; ne, :ne:नेपाल, नेपाल ), formerly the Federal Democratic Republic of Nepal ( ne, सङ्घीय लोकतान्त्रिक गणतन्त्र नेपाल ), is a landlocked country in S ...

, Sri Lanka, and

Thailand Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is b ...

– are among the countries dependent on the Bay of Bengal. Fourteen priority sectors of cooperation have been identified and several BIMSTEC centres have been established to focus on those sectors. A BIMSTEC free trade agreement is under negotiation (c. 2018), also referred Similar to SAARC. Leadership is rotated in alphabetical order of country names. The permanent secretariat is in

Dhaka Dhaka ( or ; bn, ঢাকা, Ḍhākā, ), formerly known as Dacca, is the capital and largest city of Bangladesh, as well as the world's largest Bengali-speaking city. It is the eighth largest and sixth most densely populated city i ...

Background

On 6 June 1997, a new sub-regional grouping was formed in

Bangkok Bangkok, officially known in Thai as Krung Thep Maha Nakhon and colloquially as Krung Thep, is the capital and most populous city of Thailand. The city occupies in the Chao Phraya River delta in central Thailand and has an estimated populati ...

under the name BIST-EC (

, Sri Lanka, and

Economic Cooperation). Following the inclusion of Myanmar on 22 December 1997 during a special Ministerial Meeting in Bangkok, the Group was renamed ‘BIMST-EC’ (Bangladesh, India, Myanmar, Sri Lanka and Thailand Economic Cooperation). In 1998, Nepal became an observer. In February 2004, Nepal and

became full members. On 31 July 2004, in the first Summit the grouping was renamed as BIMSTEC or the

Bay of Bengal The Bay of Bengal is the northeastern part of the Indian Ocean, bounded on the west and northwest by India, on the north by Bangladesh, and on the east by Myanmar and the Andaman and Nicobar Islands of India. Its southern limit is a line betwee ...

Initiative for Multi-Sectoral Technical and Economic Cooperation.

Objective

There are 16 main sectors of BIMSTEC along technological and economic cooperation among South Asian and Southeast Asian countries along the coast of the Bay of Bengal. # 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 Sectors 7 to 13 were added at the 8th Ministerial Meeting in Dhaka in 2005 while the 14th sector was added in 11th Ministerial Meeting in New Delhi in 2008. Member nations are denoted as Lead Countries for each sector. * Provides cooperation to one another for the provision of training and research facilities in educational vocational and technical fields * Promote active collaboration and mutual assistance in economic, social, technical and scientific fields of common interest * Provides help to increase the socio-economic growth of the member countries

Permanent Secretariat

The BIMSTEC Permanent Secretariat at

was opened in 2014 and India contributes 32% of its expenditure. The current

Secretary General Secretary is a title often used in organizations to indicate a person having a certain amount of authority, power, or importance in the organization. Secretaries announce important events and communicate to the organization. The term is derived ...

of the BIMSTEC is Ambassador Tenzin Lekphell from

and the former

was M Shahidul Islam from

. And First

was Sumith Nakandala from Sri Lanka.

Chairmanship

The BIMSTEC uses the alphabetical order for the Chairmanship. The Chairmanship of the BIMSTEC has been taken in rotation commencing with Bangladesh (1997–1999).

Member nations

Heads of the member nations

Leaders are either

heads of state A head of state (or chief of state) is the public persona who officially embodies a state Foakes, pp. 110–11 " he head of statebeing an embodiment of the State itself or representatitve of its international persona." in its unity and ...

or heads of government, depending on which is constitutionally the

chief executive A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

of the nation's government. File:Sheikh Hasina 2018 (cropped).JPG,

Sheikh Hasina Sheikh Hasina Wazed (''née'' Sheikh Hasina ; ; bn, শেখ হাসিনা ওয়াজেদ, Shēkh Hasinā, , born 28 September 1947) is a Bangladeshi politician who has served as the Prime Minister of Bangladesh since January 2 ...

Prime Minister of Bangladesh The Prime Minister of Bangladesh ( bn, বাংলাদেশের প্রধানমন্ত্রী, translit=Bangladesher Prodhanmontri), officially Prime Minister of the People's Republic of Bangladesh ( bn, গণপ্রজা� ...

File:Lotay Tshering December 2018 crop.jpg,

Lotay Tshering Lotay Tshering ( dz, བློ་གྲོས་ཚེ་རིང་; born 10 May 1969) is a Bhutanese politician and surgeon who is the current Prime Minister of Bhutan, in office since 7 November 2018. He has also been the president of Druk ...

Prime Minister of Bhutan File:Official Photograph of Prime Minister Narendra Modi Potrait.png,

Narendra Modi Narendra Damodardas Modi (; born 17 September 1950) is an Indian politician serving as the 14th and current Prime Minister of India since 2014. Modi was the Chief Minister of Gujarat from 2001 to 2014 and is the Member of Parliament fro ...

Prime Minister of India File:Win Myint, President of Myanmar.jpg,

Republic of the Union of Myanmar Myanmar, ; UK pronunciations: US pronunciations incl. . Note: Wikipedia's IPA conventions require indicating /r/ even in British English although only some British English speakers pronounce r at the end of syllables. As John Wells explai ...

Win Myint Win Myint ( ; born 8 November 1951) is a Burmese politician who served as the tenth president of Myanmar from 2018 to 2021. He was removed from office in the 2021 Burmese coup d'état. He was the Speaker of the House of Representatives of Myan ...

President of Myanmar The president of the Republic of the Union of Myanmar () is the head of state and constitutional head of government of Myanmar. The president leads the Cabinet of Myanmar, the executive branch of the Burmese government. The current preside ...

File:Sher Bahadur Deuba November 2021 crop.jpg,

Sher Bahadur Deuba Sher Bahadur Deuba ( ne, शेरबहादुर देउवा, ; born 13 June 1946) is a Nepali politician and former prime minister of Nepal. He has also been serving as the president of the Nepali Congress since 2016. Deuba has served ...

Prime Minister of Nepal The Prime Minister of Nepal ( ne, नेपालको प्रधानमन्त्री) is the head of government of Nepal. The Prime Minister is the head of the Council of Ministers of Nepal and the chief adviser to the President of ...

File:Prime Minister of the Democratic Socialist Republic of Sri Lanka, Mr. Ranil Wickremesinghe, at Hyderabad House, in New Delhi on November 23, 2017.jpg,

Ranil Wickremesinghe Ranil Wickremesinghe ( si, රනිල් වික්‍රමසිංහ, ta, ரணில் விக்கிரமசிங்க; born 24 March 1949) is a Sri Lankan politician who is the current president of Sri Lanka since 21 July 2 ...

President of Sri Lanka File:Prayut Chan-o-cha at the Enthronement of Naruhito (1).jpg,

Prayut Chan-o-cha Prayut Chan-o-cha (sometimes spelled Prayuth Chan-ocha; th, ประยุทธ์ จันทร์โอชา, ; born 21 March 1954) is a Thai politician and retired army officer who has served as the Prime Minister of Thailand since he ...

Prime Minister of Thailand

BIMSTEC priority sectors

14 priority areas have been identified with the lead nations appointed to lead the effort:BIMSTEC: Building bridges between South Asia & Southeast Asia
, IndiaWrites, 2014. The organisation has 15 priority areas for cooperation, including 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 and Blue Economy. In a virtual BIMSTEC Colombo summit which took place on March 30, 2022, decision was taken to reduce, re-constitute and reconstruct the number of sectors of co-operation from the unwieldy 14 to a more manageable 7. # Trade, Investment and Development - Bangladesh # Environment and Climate Change - Bhutan # Security and Energy - India # Agriculture and Food Security - Myanmar # People-to-people Contact - Nepal # Science, Technology and Innovation - Sri Lanka # Connectivity - Thailand

BIMSTEC Free Trade Area Framework Agreement

The BIMSTEC Free Trade Area Framework Agreement (BFTAFA) has been signed by all member nations to stimulate trade and investment in the parties, and attract outsiders to trade with and invest in the BIMSTEC countries at a higher level. Subsequently, the ''"Trade Negotiating Committee"'' (TNC) was set up, with Thailand as the permanent chair, to negotiate in areas of trade in goods and services, investment, economic co-operation, trade facilitations and technical assistance for LDCs. Once negotiation on trade in goods is completed, the TNC would then proceed with negotiation on trade in services and investment. The BIMSTEC Coastal Shipping Agreement draft was discussed on 1 December 2017 in

New Delhi New Delhi (, , ''Naī Dillī'') is the capital of India and a part of the National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the government of India, hosting the Rashtrapati Bhavan, Parliament Ho ...

, to facilitate coastal shipping within 20 nautical miles of the coastline in the region to boost trade between the member countries. Compared to the deep sea shipping, coastal ship require smaller vessels with lesser draft and involve lower costs. Once the agreement becomes operational after it is ratified, a lot of cargo movement between the member countries can be done through the cost effective, environment friendly and faster coastal shipping routes. The necessity for coastal shipping ecosystem and electricity grid interconnectivity, as two of the necessary components of the evolving shape of BIMSTEC. On 7 and 8 November 2019, the first ever BIMSTEC Conclave of Ports summit was held in

Visakhapatnam , image_alt = , image_caption = From top, left to right: Visakhapatnam aerial view, Vizag seaport, Simhachalam Temple, Aerial view of Rushikonda Beach, Beach road, Novotel Visakhapatnam, INS Kursura submarine museu ...

, India. The main aims of this summit is providing a platform to strengthen maritime interaction, port-led connectivity initiatives and sharing best practices among member countries. In 2022 summit saw the declaration of the Master Plan for Transport Connectivity that would provide a framework for regional and domestic connectivity,

Cooperation with Asian Development Bank (ADB)

The

Asian Development Bank The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. The bank also maintains 31 field offic ...

(ADB) becomes a partner in 2005, to undertake the "BIMSTEC Transport Infrastructure and Logistic Study" (BTILS), which was completed in 2014.BIMSTEC Transport Infrastructure and Logistic Study
/ref>

BIMSTEC Summits

Projects

* Coast shipping * Power grid interconnection * Regional disaster monitoring and warning system * Road and rail Look-East connectivity projects

Notes

References

External links

*
BIMSTEC free trade agreement

{{Asia topics 1997 establishments in Asia International economic organizations International organizations based in Asia Organizations established in 1997 Foreign relations of Bangladesh Foreign relations of Bhutan Foreign relations of India Foreign relations of Myanmar Foreign relations of Nepal Foreign relations of Sri Lanka Foreign relations of Thailand Bay of Bengal