The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation(BIMSTEC) is an international organisation of seven nations of South Asia and South East Asia, housing 1.5 billion people and having a combined gross domestic product of $2.5 trillion (2014).
Established: 6 June 1997 through the Bangkok Declaration.
Headquarters: Dhaka, Bangladesh.
Objectives: Technological and economical cooperation among south Asian and south East Asian countries along the coast of the Bay of Bengal.
The BIMSTEC member states:
Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan,and Nepal,are among the countries dependent on the Bay of Bengal.
- On June 6, 1997, a new sub-regional grouping was formed in Bangkok under the name BIST-EC (Bangladesh, India, Sri Lanka, and Thailand Economic Cooperation).
- On 22 December 1997, Myanmar became a full member, resulting in the renaming of the grouping to BIMST-EC. In 1998, Nepal became an observer. In February 2004, Nepal and Bhutan became full members.
- On July 31, 2004, in the first Summit the grouping was renamed as BIMSTEC or the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation.
|Countries||Leader Position||Head of government||Head of state|
|Bangladesh||Prime minister||Sheikh Hasina ,||Abdul Hamid , President of Bangladesh|
|Prime Minister of Bangladesh|
|Bhutan||Prime minister||Tshering Tobgay ,||Jigme Khesar Namgyel Wangchuck , King of Bhutan|
|Prime Minister of Bhutan|
|India||Prime minister||Narendra Modi ,||Ram Nath Kovind , President of India|
|Prime Minister of India|
|Myanmar||President||Htin Kyaw , President of Myanmar|
|Nepal||Prime minister||KP Oli ,||Bidhya Devi Bhandari , President of Nepal|
|Prime Minister of Nepal|
|Sri Lanka||President||Ranil Wickremesinghe ,||Maithripala Sirisena , President of Sri Lanka|
|Prime Minister of Sri Lanka|
|Thailand||Prime minister||Prayut Chan-o-cha , Prime Minister of Thailand||King Vajiralongkorn (Rama X),|
|King of Thailand|
|No.||Date||Host country||Host city|
|1st||July 31, 2004||Thailand||Bangkok|
|2nd||November 13, 2008||India||New Delhi|
|3rd||March 4, 2014||Myanmar||Nay Pyi Daw|
|4th||February 2, 2017||Nepal||Kathmandu|