STRENGTHENING BIMSTEC
The Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation (BIMSTEC) is a regional multilateral organization comprising of 7 member countries, five from South Asia- Bangladesh, Bhutan, India, Nepal, Srilanka and two from South East Asia namely Myanmar and Thailand. Together they account for estimated 1.5 billion population 3.8 trillion or 22% of global GDP. Established at the outcome of 1997 Bangkok Declaration, (Intially with Bangladesh India, Srilanka and Thailand Economic cooperation, in 1997 and with the inclusion of Myanmar became BIMSTEC and in 2004 two members Nepal and Bhutan were added it resulted in present full fledged Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation. The main objective of BIMSTEC is creating an enabling environment for the rapid economic development of the region by encouraging the spirit of equality and partnership. Promoting to achiev...