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

Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation
BIMSTEC
of BIMSTEC
SecretariatDhaka, Bangladesh[1]
Official languageEnglish
Membership
Leaders
• Chairmanship
 Thailand (since March 2022)[2]
• Secretary General
 India (since 2023)[3]
Establishment6 June 1997 (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
Increase US$18.582 trillion[5] (3rd)
GDP (nominal)2023 estimate
• Total
Increase $5.225 trillion[5] (4th)

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.

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), referred to as similar to SAARC.

Leadership is rotated in alphabetical order of country names. The permanent secretariat is in Dhaka, Bangladesh.

  1. ^ "Nepal unlikely to host fourth 'Bimstec' summit this year". Business Standard India. 3 June 2016. Retrieved 17 December 2016.
  2. ^ "Thailand has assumed the chairmanship of BIMSTEC for 2022 – 2023 for prosperous, resilient and robust, and open Bay of Bengal region". 30 March 2022. Retrieved 30 March 2022.
  3. ^ "Ambassador Indra Mani Pandey assumes charge of BIMSTEC Secretary General". 5 January 2024. Retrieved 13 January 2024.
  4. ^ "World Urbanization Prospects — Population Division — United Nations". un.org. Archived from the original on 18 February 2015. Retrieved 17 February 2015.
  5. ^ a b "Report for Selected Countries and Subjects". imf.org.
  6. ^ a b Cite error: The named reference lead1 was invoked but never defined (see the help page).
  7. ^ BIMSTEC
  8. ^ "Regional economic integration in the Bay of Bengal". 25 February 2016.
  9. ^ Cite error: The named reference lead5 was invoked but never defined (see the help page).

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