Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC)
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Contact Details
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Founded
1997-06-06 Bangkok Thailand
History
6 Jun 1997, Bangkok (Thailand), with adoption of Bangkok Declaration, as Bangladesh, India, Sri Lanka, Thailand Economic Cooperation (BIST-EC). Following inclusion of Myanmar, 22 Dec 1997, during special Ministerial Meeting, Bangkok, changed name to Bangladesh, India, Myanmar, Sri Lanka, Thailand Economic Cooperation (BIMST-EC). At 6th Ministerial Meeting, Feb 2004, Phuket (Thailand), Bhutan and Nepal became members, and present name was adopted. T-XT0405 - Framework Agreement on BIMSTEC Free Trade Area was signed 8 Feb 2004, Phuket. Permanent Secretariat established in Dhaka (Bangladesh) at 13th Ministerial Meeting, 22 Jan 2011, Nay Pyi Taw (Myanmar).
Aims
Create an enabling environment for rapid economic development; accelerate social progress in the sub-region; promote active collaboration and mutual assistance on matters of common interest; provide assistance to each other in the form of training and research facilities; cooperate more effectively in joint efforts that are supportive of, and complementary to, national development plans of member states; promote socio-economic development; create an enabling environment for cooperation in various fields between member countries in order to enhance the livelihoods of the peoples of the region.
Events
21 past events available with paid subscription only.Activities
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Policy making bodies: Summit; Annual Ministerial Meeting, comprising Foreign Ministerial Meeting and Trade and Economic Ministerial Meeting. Operational bodies: Senior Officials' Meeting (SOM) meetings on regular basis as and when required; BIMSTEC Working Group (coordinating body). Chairmanship rotates by alphabetical order of member country name. Specialized Task Forces and other mechanisms as may be deemed necessary by Senior Officials, coordinated by Member States as appropriate.
Finance
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Available with paid subscription only.UN Sustainable Development Goals **
UIA Org ID
XM0273
Last News
2011
** UN SDGs are linked to the subject classification.
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