The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is a regional organisation comprising seven littorals of the Bay of Bengal (BoB). The BoB not only connects these nations but binds them together by common culture and interests. The region is also a bridge between South and South East Asia. BIMSTEC is home to around 22% of the global population, a GDP of $ 2.7 trillion and an enviable growth rate of approximately 6.5%. Unlike many regional groupings, BIMSTEC is a sector-driven cooperative organisation with 14 sectors – trade, technology, energy, transport, tourism, fisheries, agriculture, public health, poverty alleviation, counter-terrorism, environment, culture, people-to-people contact, and climate change.
Links:
[1] https://www.vifindia.org/paper/2019/march/12/bimstec-think-tank-dialogue-on-regional-security
[2] https://www.vifindia.org/sites/default/files/bimstec-think-tank-dialogue-on-regional-security.pdf
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