Recently, BIMSTEC security chiefs vowed joint action against terrorism and endorsed maritime law enforcement principles.
About BIMSTEC:
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is a grouping of seven Member States lying in the littoral and adjacent areas of the Bay of Bengal.
The organization came into existence on 6 June 1997 through the 'Bangkok Declaration'.
Members: It is a unique link connecting South Asia with South-East Asia - five Members from South Asia (Bangladesh, Bhutan, India, Nepal and Sri Lanka) and two from South-East Asia (Myanmar and Thailand).
Historical Background:
It was formed as BIST-EC (Bangladesh, India, Sri Lanka, Thailand Economic Cooperation) in 1997.
It was renamed to BIMST-EC with the addition of Myanmar in 1998.
It was fully transformed into BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) in 2004.
The BIMSTEC Objectives are to strengthen technical and economic cooperation among its seven member nations situated around the Bay of Bengal.
BIMSTEC Working Mechanism: It organizes intergovernmental interactions through Summits, Ministerial Meetings (Convened annually), Senior Officials Meetings (held twice a year).
BIMSTEC has identified 14 priority areas of cooperation where a member country takes the lead.
India is the lead country for Transport & Communication, Tourism, Environment & Disaster Management, and Counter Terrorism & Transnational Crime.
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