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). The BIMSTEC member states – Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand – are among the countries dependent on the Bay of Bengal.
He made the announcement in the backdrop of making early progress on the proposal of the BIMSTEC free trade agreement (FTA) to enhance mutual business DNA - Published
While calling for efforts to boost intra-Bimstec trade and economic ties, foreign minister S Jaishankar underlined the need for member-states to collectively fight terrorism, extremism and.. IndiaTimes - Published