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What is the main difference between BIMSTEC and SAARC?
- a)BIMSTEC focuses on trade while SAARC focuses on security cooperation.
- b)BIMSTEC has more member countries than SAARC.
- c)BIMSTEC has concluded more FTAs than SAARC.
- d)BIMSTEC has been more successful in achieving its objectives than SAARC.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What is the main difference between BIMSTEC and SAARC?a)BIMSTEC focuse...
Focus of BIMSTEC and SAARC:
The main difference between BIMSTEC and SAARC lies in their primary focus areas. BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) primarily focuses on trade and economic cooperation among its member countries. On the other hand, SAARC (South Asian Association for Regional Cooperation) focuses more on regional security cooperation.
Trade vs Security:
BIMSTEC aims to promote economic growth and regional connectivity through trade agreements and cooperation in various sectors such as agriculture, technology, energy, and tourism. On the contrary, SAARC emphasizes security issues, political cooperation, and cultural exchanges among its member countries.
Member Countries:
BIMSTEC consists of 7 member countries - Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand. In comparison, SAARC has 8 member countries, including Afghanistan, which is not part of BIMSTEC.
FTAs and Objectives:
BIMSTEC has concluded more Free Trade Agreements (FTAs) among its member countries compared to SAARC. This indicates a stronger commitment to promoting trade and economic integration within BIMSTEC. Additionally, BIMSTEC has been perceived as more successful in achieving its objectives, especially in terms of economic cooperation and regional development, in comparison to SAARC.
The main difference between BIMSTEC and SAARC lies in their primary focus areas. BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) primarily focuses on trade and economic cooperation among its member countries. On the other hand, SAARC (South Asian Association for Regional Cooperation) focuses more on regional security cooperation.
Trade vs Security:
BIMSTEC aims to promote economic growth and regional connectivity through trade agreements and cooperation in various sectors such as agriculture, technology, energy, and tourism. On the contrary, SAARC emphasizes security issues, political cooperation, and cultural exchanges among its member countries.
Member Countries:
BIMSTEC consists of 7 member countries - Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand. In comparison, SAARC has 8 member countries, including Afghanistan, which is not part of BIMSTEC.
FTAs and Objectives:
BIMSTEC has concluded more Free Trade Agreements (FTAs) among its member countries compared to SAARC. This indicates a stronger commitment to promoting trade and economic integration within BIMSTEC. Additionally, BIMSTEC has been perceived as more successful in achieving its objectives, especially in terms of economic cooperation and regional development, in comparison to SAARC.
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What is the main difference between BIMSTEC and SAARC?a)BIMSTEC focuse...
BIMSTEC is a reinvented trade-focused organization, while SAARC, the South Asian Association for Regional Cooperation, aims to promote economic growth and cooperation in South Asia.
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What is the main difference between BIMSTEC and SAARC?a)BIMSTEC focuses on trade while SAARC focuses on security cooperation.b)BIMSTEC has more member countries than SAARC.c)BIMSTEC has concluded more FTAs than SAARC.d)BIMSTEC has been more successful in achieving its objectives than SAARC.Correct answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What is the main difference between BIMSTEC and SAARC?a)BIMSTEC focuses on trade while SAARC focuses on security cooperation.b)BIMSTEC has more member countries than SAARC.c)BIMSTEC has concluded more FTAs than SAARC.d)BIMSTEC has been more successful in achieving its objectives than SAARC.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the main difference between BIMSTEC and SAARC?a)BIMSTEC focuses on trade while SAARC focuses on security cooperation.b)BIMSTEC has more member countries than SAARC.c)BIMSTEC has concluded more FTAs than SAARC.d)BIMSTEC has been more successful in achieving its objectives than SAARC.Correct answer is option 'A'. Can you explain this answer?.
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