Accelerating Regional Cooperation in BIMSTEC
BIMSTEC or “Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation” was set up in 1997 to foster economic and social development among member countries, namely, Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand. Its significance lies in the fact that it serves as the direct linkage between South Asian and South East Asian countries through intra-regional collaboration between the Association of South
East Asian Nations (ASEAN) and the South Asian Association for Regional Cooperation (SAARC).
