PM Modi during BIMSTEC Summit 2018
BIMSTEC stands for Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation.
Government of India has invited leaders of BIMSTEC nations for PM Narendra Modi's swearing-in ceremony on May 30.
Here is all you need to know about BIMSTEC
- BIMSTEC is an international organisation of nations just like SAARC
- BIMSTEC includes seven nations namely, India, Myanmar, Bangladesh, Sri Lanka, Thailand, Nepal and Bhutan
- All member states of BIMSTEC are from South and Southeast Asia. They are located in in littoral and adjacent areas of Bay of Bengal.
- The sub-regional organisation was formed on June 6, 1997. At that time, it was called BISTEC. It was changed to BIMSTEC later that year.
- BIMSTEC's permanent headquarter is in Dhaka, the capital of Bangladesh.
- Member nations take Chairmanship of BIMSTEC on rotation according to alphabetical order.
- BIMSTEC was formed for greater co-operation between the member countries in technological and economic fields.
- Fourth BIMSTEC Summit took place in Nepal in the year 2018. The theme of the summit was "Towards a peaceful, prosperous and sustainable Bay of Bengal region"
- Countries in BIMSTEC have agreed to co-opearte iun 14 technological and economic sectors.
- These range from tourism, climate change, technology to agriculture, public health and more.
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