BIMSTEC Summits

Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation Summit

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.

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:

Countries Leader Position Head of government Head of state
  Bangladesh Prime minister Sheikh Hasina , Abdul Hamid ,  President of Bangladesh
Prime Minister of Bangladesh
  Bhutan Prime minister Tshering Tobgay , Jigme Khesar Namgyel Wangchuck ,  King of Bhutan
Prime Minister of Bhutan
  India Prime minister Narendra Modi , Ram Nath Kovind ,  President of India
Prime Minister of India
  Myanmar President Htin Kyaw ,  President of Myanmar
Nepal Prime minister KP Oli , Bidhya Devi Bhandari ,  President of Nepal
Prime Minister of Nepal
  Sri Lanka President Ranil Wickremesinghe , Maithripala Sirisena ,  President of Sri Lanka
Prime Minister of Sri Lanka
  Thailand Prime minister Prayut Chan-o-cha ,  Prime Minister of Thailand King  Vajiralongkorn  (Rama X),
King of Thailand

BIMSTEC Summits:

No. Date Host country Host 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