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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.

BIMSTEC Member StatesBIMSTEC Member States

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: 


Sr.
No.
Countries
Leader PositionHead of governmentHead of state
1
  Bangladesh
Prime minister
Sheikh Hasina ,
Abdul Hamid ,  President of Bangladesh
2


Prime Minister of Bangladesh

3
  Bhutan
Prime minister
Tshering Tobgay ,
Jigme Khesar Namgyel Wangchuck ,  King of Bhutan
4


Prime Minister of Bhutan

5
  India
Prime minister
Narendra Modi ,
Ram Nath Kovind ,  President of India
6


Prime Minister of India

7
  Myanmar
President
Htin Kyaw ,  President of Myanmar

8
Nepal
Prime minister
KP Oli ,
Bidhya Devi Bhandari ,  President of Nepal
9


Prime Minister of Nepal

10
  Sri Lanka
President
Ranil Wickremesinghe ,
Maithripala Sirisena ,  President of Sri Lanka
11


Prime Minister of Sri Lanka

12
  Thailand
Prime minister
Prayut Chan-o-cha ,  Prime Minister of Thailand
King  Vajiralongkorn  (Rama X),




King of Thailand

BIMSTEC Summits:-


No.DateHost countryHost city
1st
July 31, 2004
  Thailand
Bangkok
2nd
November 13, 2008
  India
New Delhi
3rd
March 4, 2014
  Myanmar
Nay Pyi Daw
4th
February 2, 2017
  Nepal
Kathmandu
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FAQs on BIMSTEC Summits - Legal Reasoning for CLAT

1. What is BIMSTEC?
Ans. BIMSTEC stands for the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation. It is a regional organization consisting of seven member states from South Asia and Southeast Asia, namely Bangladesh, India, Myanmar, Sri Lanka, Thailand, Nepal, and Bhutan. The main objective of BIMSTEC is to promote economic cooperation, technological collaboration, and cultural integration among its member countries.
2. What is the significance of BIMSTEC Summits?
Ans. BIMSTEC Summits serve as a platform for member countries to discuss and address issues related to trade, investment, tourism, connectivity, and other key areas of cooperation. These summits provide an opportunity for leaders and policymakers to exchange views, strengthen regional integration, and enhance regional cooperation in various sectors. The summits also help in fostering closer ties among member countries and promoting regional stability and development.
3. What are the key outcomes of BIMSTEC Summits?
Ans. BIMSTEC Summits result in the adoption of joint declarations, action plans, and memoranda of understanding (MoUs) on various areas of cooperation. The key outcomes of these summits include the identification of priority sectors for collaboration, formulation of strategies for enhancing trade and investment, promotion of people-to-people exchanges, establishment of mechanisms for maritime and energy cooperation, and strengthening of regional connectivity through infrastructure development projects.
4. How often are BIMSTEC Summits held?
Ans. BIMSTEC Summits are usually held once every two years. However, in case of special circumstances or urgent matters, extraordinary or special summits can be convened. The hosting of the summits rotates among the member countries, with each country hosting the summit for a period of two years.
5. What are the upcoming BIMSTEC Summits?
Ans. The 5th BIMSTEC Summit was held in Kathmandu, Nepal, in August 2018. The 6th BIMSTEC Summit was scheduled to be held in Sri Lanka in 2020 but was postponed due to the COVID-19 pandemic. The exact dates for the rescheduled summit are yet to be announced.
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