BIMSTEC

Article Title: BIMSTEC

30-03-2025

Current Events Current Affairs Analysis

The Indian Prime Minister will visit Bangkok, Thailand, from April 3-4, 2025, to participate in the 6th BIMSTEC Summit

BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) is a regional multilateral organization that connects South Asia and Southeast Asia.

Established through the Bangkok Declaration in 1997, it promotes economic and social progress in the region.

Member Countries

iSouth Asia: Bangladesh, Bhutan, India, Nepal, Sri Lanka.

iiSoutheast Asia: Myanmar, Thailand.

Key Features

iBridges South and Southeast Asia, linking the Himalayan region with the Bay of Bengal.

iiFocuses on economic growth, trade, technology, energy, security, and connectivity.

iiiActs as an alternative to SAARC for regional cooperation.

Evolution of BIMSTEC

iInitially formed as ‘BIST-EC’ (Bangladesh, India, Sri Lanka, and Thailand Economic Cooperation).

iiRenamed ‘BIMST-EC’ after Myanmar joined in 1997.

iiiIn 2004, Nepal and Bhutan joined, leading to the current name: BIMSTEC.

India’s Role in BIMSTEC

iLeading Initiatives in trade, security, maritime cooperation, and climate action.

iiKey proponent of BIMSTEC Free Trade Agreement to enhance regional trade integration.

iiiAdvocates for stronger physical and digital connectivity between BIMSTEC nations.

India’s Strategic Vision in BIMSTEC

iNeighborhood First Policy

iiAct East Policy

iiiMAHASAGAR Vision

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