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Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation Summit

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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.

BIST-EC:

  • 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.

Nation Member:

CountriesLeader PositionHead of governmentHead of state  
  BangladeshPrime ministerSheikh Hasina ,Abdul Hamid ,  President of Bangladesh
Prime Minister of Bangladesh
  BhutanPrime ministerTshering Tobgay ,Jigme Khesar Namgyel Wangchuck ,  King of Bhutan
Prime Minister of Bhutan
  IndiaPrime ministerNarendra Modi ,Ram Nath Kovind ,  President of India
Prime Minister of India
  MyanmarPresidentHtin Kyaw ,  President of Myanmar
NepalPrime ministerKP Oli ,Bidhya Devi Bhandari ,  President of Nepal
Prime Minister of Nepal
  Sri LankaPresidentRanil Wickremesinghe ,Maithripala Sirisena ,  President of Sri Lanka
Prime Minister of Sri Lanka
  ThailandPrime ministerPrayut Chan-o-cha ,  Prime Minister of ThailandKing  Vajiralongkorn  (Rama X),
King of Thailand

BIMSTEC Summits:

No.DateHost countryHost city
1stJuly 31, 2004  ThailandBangkok
2ndNovember 13, 2008  IndiaNew Delhi
3rdMarch 4, 2014  MyanmarNay Pyi Daw
4thFebruary 2, 2017  NepalKathmandu

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