Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation
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The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation of seven South Asian and Southeast Asian nations, housing 1.73 billion people and having a combined gross domestic product of US$5.2 trillion (2023).[6][7] The BIMSTEC member states – Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand[8] – are among the countries dependent on the Bay of Bengal.
Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation BIMSTEC | |
---|---|
Secretariat | Dhaka, Bangladesh[1] |
Official language | English |
Membership | |
Leaders | |
• Chairmanship | Thailand (since March 2022)[2] |
• Secretary General | India (since 2023)[3] |
Establishment | 6 June 1997; 26 years ago (1997-06-06) |
Area | |
• | 4,876,941 km2 (1,882,997 sq mi) (7th) |
Population | |
• 2020 estimate | 1,723,388,648[4] |
• Density | 353.37/km2 (915.2/sq mi) |
GDP (PPP) | estimate |
• Total | US$18.582 trillion[5] (3rd) |
GDP (nominal) | 2023 estimate |
• Total | $5.225 trillion[5] (4th) |
Website bimstec |
Fourteen priority sectors of cooperation have been identified and several BIMSTEC centres have been established to focus on those sectors.[6][9] A BIMSTEC free trade agreement is under negotiation (c. 2018), also referred Similar to SAARC.
Leadership is rotated in alphabetical order of country names. The permanent secretariat is in Dhaka, Bangladesh.