General Knowledge / BIMSTEC SummitsThe 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 $3.5 trillion (2018).
The BIMSTEC member states
4. Sri Lanka
7. Bhutan —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. A BIMSTEC free trade agreement is under negotiation. Leadership is rotated in alphabetical order of country names. The permanent secretariat is in Dhaka.
BIMSTEC priority sectors