Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation of seven nations of South Asia and Southeast Asia, housing 1.5 billion people and having a combined gross domestic product of $3.5 trillion (2018). The BIMSTEC member states – Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand – are among the countries dependent on the Bay of Bengal.
Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation
|Sri Lanka (since September 2018)|
• Secretary General
|Mohammad Shahidul Islam (Bangladesh)|
|Establishment||6 June 1997|
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 (c. 2018), also referred to as the mini SAARC.
On 6 June 1997, a new sub-regional grouping was formed in Bangkok under the name BIST-EC (Bangladesh, India, Sri Lanka, and Thailand Economic Cooperation). Following the inclusion of Myanmar on 22 December 1997 during a special Ministerial Meeting in Bangkok, the Group was renamed ‘BIMST-EC’ (Bangladesh, India, Myanmar, Sri Lanka and Thailand Economic Cooperation). In 1998, Nepal became an observer. In February 2004, Nepal and Bhutan become full members.
There are 14 main sectors of BIMSTEC along technological and economic cooperation among south Asian and southeast Asian countries along the coast of the Bay of Bengal.
- Trade & Investment
- Transport & Communication
- Public Health
- Poverty Alleviation
- Counter-Terrorism & Transnational Crime
- Environment & Disaster Management
- People-to-People Contact
- Cultural Cooperation
- Climate Change
Sectors 7 to 13 were added at the 8th Ministerial Meeting in Dhaka in 2005 while the 14th sector was added in 11th Ministerial Meeting in New Delhi in 2008.
Member nations are denoted as Lead Countries for each sector.
- Provides cooperation to one another for the provision of training and research facilities in educational vocational and technical fields
- Promote active collaboration and mutual assistance in economic, social, technical and scientific fields of common interest
- Provides help to increase the socio-economic growth of the member countries
The BIMSTEC Permanent Secretariat at Dhaka was opened in 2014 and India contributes 33% of its expenditure. The current Secretary General of the BIMSTEC is Ambassador Mohammad Shahidul Islam from Bangladesh and the former Secretary General was Sumith Nakandala from Sri Lanka.
The BIMSTEC uses the alphabetical order for the Chairmanship. The Chairmanship of the BIMSTEC has been taken in rotation commencing with Bangladesh (1997–1999).
|Countries||Leader Position||Head of government||Head of state||Population||Nominal GDP / US$billion||World Bank||SAARC|
|Bangladesh||Prime minister||Sheikh Hasina, Prime Minister of Bangladesh||Abdul Hamid, President of Bangladesh||161,376,708||317.465|
|Bhutan||Prime minister||Lotay Tshering, Prime Minister of Bhutan||Jigme Khesar Namgyel Wangchuck, King of Bhutan||754,388||2.842|
|India||Prime minister||Narendra Modi, Prime Minister of India||Ram Nath Kovind, President of India||1,352,642,280||2,935.570|
|Myanmar||President||Win Myint, President of Myanmar||53,708,320||65.994||N|
|Nepal||Prime minister||Khadga Prasad Sharma Oli, Prime Minister of Nepal||Bidhya Devi Bhandari, President of Nepal||28,095,714||29.813|
|Sri Lanka||President||Mahinda Rajapaksa, Prime Minister of Sri Lanka||Gotabaya Rajapaksa, President of Sri Lanka||21,228,763||86.566|
|Thailand||Prime minister||Prayut Chan-o-cha, Prime Minister of Thailand||King Vajiralongkorn (Rama X),||69,428,453||529.177||N|
Heads of the member nationsEdit
BIMSTEC priority sectorsEdit
|Priority Area||Lead Country||Centre||Comments|
|Transport and communication||India|
|Tourism||India||BIMSTEC Tourism Information Centre, Delhi|
|Counterterrorism and transnational crime||India||Four subgroups: Intelligence sharing – Sri Lanka (lead), |
Terror financing – Thailand,
Legal – Myanmar,
Law enforcement and narcotics – Myanmar
|Environment and disaster management||India||BIMSTEC Weather and Climate Centre, Noida|
|Energy||Myanmar||BIMSTEC Energy Centre, Bengaluru||BIMSTEC Grid Interconnection MoU signed in 2014.|
|Public Health||Thailand||BIMSTEC Network of Traditional Medicine in India|
|Trade & Investment||Bangladesh|
|Cultural Cooperation||Bhutan||1200 ITEC scholarships by India|
BIMSTEC Free Trade Area Framework AgreementEdit
The BIMSTEC Free Trade Area Framework Agreement (BFTAFA) has been signed by all member nations to stimulate trade and investment in the parties, and attract outsiders to trade with and invest in the BIMSTEC countries at a higher level. Subsequently, the "Trade Negotiating Committee" (TNC) was set up, with Thailand as the permanent chair, to negotiate in areas of trade in goods and services, investment, economic co-operation, trade facilitations and technical assistance for LDCs. Once negotiation on trade in goods is completed, the TNC would then proceed with negotiation on trade in services and investment.
The BIMSTEC Coastal Shipping Agreement draft was discussed on 1 December 2017 in New Delhi, to facilitate coastal shipping within 20 nautical miles of the coastline in the region to boost trade between the member countries. Compared to the deep sea shipping, coastal ship require smaller vessels with lesser draft and involve lower costs. Once the agreement becomes operational after it is ratified, a lot of cargo movement between the member countries can be done through the cost effective, environment friendly and faster coastal shipping routes.
On 7th and 8th of November, 2019, the first ever BIMSTEC Conclave of Ports summit was held in Visakhapatnam, India. The main aims of this summit is providing a platform to strengthen maritime interaction, port-led connectivity initiatives and sharing best practices among member countries.
Cooperation with Asian Development Bank (ADB)Edit
|No.||Date||Host country||Host city|
|1st||31 July 2004||Thailand||Bangkok|
|2nd||13 November 2008||India||New Delhi|
|3rd||4 March 2014||Myanmar||Naypyidaw|
|4th||30–31 August 2018||Nepal||Kathmandu|
- Coast shipping
- Power grid interconnection
- Regional disaster monitoring and warning system
- Road and rail Look-East connectivity projects
- ASEAN & Look-East connectivity projects
- Asia Cooperation Dialogue
- Asian Clearing Union
- Asian Development Bank
- Bangladesh Bhutan India Nepal Initiative (BBIN)
- BRICS-BIMSTEC Summit, 2016
- Mekong-Ganga Cooperation
- South Asian Association for Regional Cooperation (SAARC)
- South Asia Subregional Economic Cooperation
- "Nepal unlikely to host fourth 'Bimstec' summit this year". Business Standard India. 3 June 2016. Retrieved 17 December 2016.
- "BIMSTEC summit ends with Oli presenting Kathmandu declaration". Retrieved 31 August 2018.
- "Bangladesh Ambassador Shahidul Islam appointed secretary general of BIMSTEC". bdnews24.com. 11 August 2017. Retrieved 29 April 2020.
- BIMSTEC: Building bridges between South Asia & Southeast Asia Archived 22 December 2017 at the Wayback Machine, IndiaWrites, 2014.
- "Energy". bimstec.org. Archived from the original on 6 December 2017. Retrieved 6 December 2017.
- Haidar, Suhasini (15 October 2016). "BIMSTEC a sunny prospect in BRICS summit at Goa". The Hindu. Retrieved 16 October 2016.
- "BRICS Summit 2016: BIMSTEC members have economic opportunities to share, said Narendra Modi". The Economic Times. Retrieved 16 October 2016.
- See for a detailed historical account of the founding and evolution of BIST-EC and BIMST-EC e.g. Michael, Arndt (2013). India's Foreign Policy and Regional Multilateralism (Palgrave Macmillan), pp. 145–163.
- "Area of cooperation". Archived from the original on 22 December 2017. Retrieved 21 December 2017.
- "Third BIMSTEC Summit Declaration". Retrieved 12 March 2014.
- "World Economic Outlook Database, October 2019". IMF.org. International Monetary Fund. 15 October 2019. Retrieved 3 September 2019.
- BIMSTC sectors
- "India Cabinet Approves Signing of BIMSTEC Power Grid Pact | News | South Asia Subregional Economic Cooperation". www.sasec.asia. Retrieved 6 December 2017.
- "Nepal to join BIMSTEC Grid Interconnection". Retrieved 6 December 2017.
- "Bimstec committee mulls free trade deal in Dhaka". 13 November 2018.
- "BIMSTEC Member States discuss draft text of Coastal Shipping Agreement".
- "First BIMSTEC Conclave of Ports, Vishakhapatnam (November 7-8, 2019)".
- BIMSTEC Transport Infrastructure and Logistic Study
- "BIMSTEC Summit". Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation. Retrieved 17 December 2016.
- "Nepal proposes dates for Bimstec Summit". Business Standard India. 5 June 2018. Retrieved 1 July 2018.
- "4th BIMSTEC Summit: Kathmandu Declaration adopted by Member States". Retrieved 31 August 2018.