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Consider the following statements regarding The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).
1. It comprises of eight Member States lying in the littoral and adjacent areas of the Bay of Bengal.
2. It came into being through the Bangkok Declaration.
3. It is an implicit free trade agreement among the member nations.
Which of the above statements is/are incorrect?
- a)1, 2
- b)2 only
- c)1, 3
- d)2, 3
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
Consider the following statements regarding The Bay of Bengal Initiati...
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is a regional organization comprising seven Member States lying in the littoral and adjacent areas of the Bay of Bengal constituting a contiguous regional unity.
This sub-regional organization came into being in 1997 through the Bangkok Declaration. It constitutes seven Member States: five deriving from South Asia, including Bangladesh, Bhutan, India, Nepal, Sri Lanka, and two from Southeast Asia, including Myanmar and Thailand.
It is not an FTA. IT is a sector-driven organization focussing on sharing best practices and help each other in agriculture, public health, poverty alleviation, counter-terrorism, environment, culture etc. A BIMSTEC free trade agreement is under negotiation.
Most Upvoted Answer
Consider the following statements regarding The Bay of Bengal Initiati...
BIMSTEC (The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) is a regional organization comprising eight Member States lying in the littoral and adjacent areas of the Bay of Bengal. The Member States of BIMSTEC are Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand.
The Bangkok Declaration, signed on 6 June 1997, is the founding document of BIMSTEC. It provides the legal framework for the establishment of BIMSTEC and outlines its objectives and principles.
However, the statement "It is an implicit free trade agreement among the member nations" is incorrect. While BIMSTEC aims to promote regional cooperation and integration among its Member States, it is not a free trade agreement. BIMSTEC has, however, taken steps towards enhancing trade and economic cooperation among its Member States by signing agreements such as the BIMSTEC Free Trade Area Framework Agreement in 2004.
In conclusion, the correct option is C - 1 and 3. BIMSTEC comprises eight Member States lying in the littoral and adjacent areas of the Bay of Bengal, and it came into being through the Bangkok Declaration. However, BIMSTEC is not an implicit free trade agreement among the member nations.
The Bangkok Declaration, signed on 6 June 1997, is the founding document of BIMSTEC. It provides the legal framework for the establishment of BIMSTEC and outlines its objectives and principles.
However, the statement "It is an implicit free trade agreement among the member nations" is incorrect. While BIMSTEC aims to promote regional cooperation and integration among its Member States, it is not a free trade agreement. BIMSTEC has, however, taken steps towards enhancing trade and economic cooperation among its Member States by signing agreements such as the BIMSTEC Free Trade Area Framework Agreement in 2004.
In conclusion, the correct option is C - 1 and 3. BIMSTEC comprises eight Member States lying in the littoral and adjacent areas of the Bay of Bengal, and it came into being through the Bangkok Declaration. However, BIMSTEC is not an implicit free trade agreement among the member nations.
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Consider the following statements regarding The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).1. It comprises of eight Member States lying in the littoral and adjacent areas of the Bay of Bengal.2. It came into being through the Bangkok Declaration.3. It is an implicit free trade agreement among the member nations.Which of the above statements is/are incorrect?a)1, 2b)2 onlyc)1, 3d)2, 3Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements regarding The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).1. It comprises of eight Member States lying in the littoral and adjacent areas of the Bay of Bengal.2. It came into being through the Bangkok Declaration.3. It is an implicit free trade agreement among the member nations.Which of the above statements is/are incorrect?a)1, 2b)2 onlyc)1, 3d)2, 3Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements regarding The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).1. It comprises of eight Member States lying in the littoral and adjacent areas of the Bay of Bengal.2. It came into being through the Bangkok Declaration.3. It is an implicit free trade agreement among the member nations.Which of the above statements is/are incorrect?a)1, 2b)2 onlyc)1, 3d)2, 3Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).1. It comprises of eight Member States lying in the littoral and adjacent areas of the Bay of Bengal.2. It came into being through the Bangkok Declaration.3. It is an implicit free trade agreement among the member nations.Which of the above statements is/are incorrect?a)1, 2b)2 onlyc)1, 3d)2, 3Correct answer is option 'C'. Can you explain this answer?.
Consider the following statements regarding The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).1. It comprises of eight Member States lying in the littoral and adjacent areas of the Bay of Bengal.2. It came into being through the Bangkok Declaration.3. It is an implicit free trade agreement among the member nations.Which of the above statements is/are incorrect?a)1, 2b)2 onlyc)1, 3d)2, 3Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements regarding The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).1. It comprises of eight Member States lying in the littoral and adjacent areas of the Bay of Bengal.2. It came into being through the Bangkok Declaration.3. It is an implicit free trade agreement among the member nations.Which of the above statements is/are incorrect?a)1, 2b)2 onlyc)1, 3d)2, 3Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).1. It comprises of eight Member States lying in the littoral and adjacent areas of the Bay of Bengal.2. It came into being through the Bangkok Declaration.3. It is an implicit free trade agreement among the member nations.Which of the above statements is/are incorrect?a)1, 2b)2 onlyc)1, 3d)2, 3Correct answer is option 'C'. Can you explain this answer?.
Solutions for Consider the following statements regarding The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).1. It comprises of eight Member States lying in the littoral and adjacent areas of the Bay of Bengal.2. It came into being through the Bangkok Declaration.3. It is an implicit free trade agreement among the member nations.Which of the above statements is/are incorrect?a)1, 2b)2 onlyc)1, 3d)2, 3Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Current Affairs.
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