BIMSTEC: Regional Cooperation in the Bay of Bengal

BIMSTEC

Context

Recently, the security chiefs of BIMSTEC member countries reaffirmed their commitment to combating terrorism and endorsed common principles for maritime law enforcement.

About BIMSTEC

  1. The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is a regional organisation that connects South Asia and Southeast Asia through cooperation among countries around the Bay of Bengal.
  2. It was established on 6th  June 1997 through the Bangkok Declaration.
  3. Members: Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand, comprising five South Asian and two Southeast Asian countries.
  4. The organisation evolved from BIST-EC in 1997 to BIMST-EC in 1998 with the inclusion of Myanmar, and was renamed BIMSTEC in 2004 after Nepal and Bhutan joined.
  5. It promotes regional integration by strengthening cooperation in trade, connectivity, technology, security, and sustainable development.
  6. Its institutional framework comprises Summits (held biennially), Ministerial Meetings (held annually), and Senior Officials’ Meetings (held twice a year).
  7. BIMSTEC has identified 14 priority sectors, with each member country leading a specific sector. India leads Transport and Communication, Tourism, Environment and Disaster Management, and Counter Terrorism and Transnational Crime.
  8. The BIMSTEC Secretariat is located in Dhaka, Bangladesh