On this page, We are going to learn about the full form of BIMSTEC and the meaning of BIMSTEC, As well as the meaning, definition, and acronym for BIMSTEC in different categories. So you should read this post till the end.
What is The Full Form of BIMSTEC
BIMSTEC stands for Bay of Bengal Initiative for Multi-Sectorial Technical & Economic Cooperation. BIMSTEC is a regional organization consisting of seven member states in South Asia and Southeast Asia.
The organization was established in 1997 with the aim of promoting economic and technical cooperation among its member states.
BIMSTEC was established in 1997 with the aim of promoting cooperation in the areas of trade, technology, science, environment, and culture.
In 2014, the organization launched the BIMSTEC Free Trade Area (FTA), which seeks to remove barriers to trade and investment between the member states.
The headquarters of BIMSTEC is in Dhaka, Bangladesh. A number of countries are members of the BIMSTEC, including India, Bangladesh, Bhutan, Nepal, Sri Lanka, Thailand, and Myanmar
Aim and Objetives of BIMSTEC
BIMSTEC members Country are committed to working together to achieve peace, stability, and prosperity in the region. The organization focuses on areas such as trade, transport, energy, tourism, agriculture, and the environment.
BIMSTEC also provides a forum for its member states to discuss regional issues and cooperate on multilateral projects.