BIMSTEC

This presentation was given by Nahid Hossen

1. State University of Bangladesh Nahid Hossen UGo1-37-14-083

2. B I M S T E C

3. Introduction BIMSTEC is short for Bay Of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation Members are Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal

4. Background Information On 6 June 1997, a new sub-regional grouping was formed in Bangkok and it was named as BIST-EC On 22 December 1997, when Myanmar joined it has changed it’s name to BIMSTEC The objective of building such an alliance was to harness shared and accelerated growth through mutual cooperation in different areas of common interests

5. Benefits For The Members Members will have rapid economic development through identification and implementation of specific cooperation projects in these sectors

6. Recent Projects

7. Achievement & Contribution In 2005, BIMSTEC collaborated with Asian Development Bank to help promote and improve transport infrastructure and logistic among the BIMSTEC countries

8. Future goals

9. Challenges and Threats BIMSTEC has gained so little national and regional significance and this is one of the main challenges for them. This challenge occurs mainly because India is by far the biggest country in BIMSTEC. Since India did not take much interest in BIMSTEC, other members hasn’t been influential either. Another big challenge is the poor bilateral relationship between the BIMSTEC countries.

10. Why I Like BIMSTEC !! BIMSTEC provides a formidable platform for developing deeper understanding and cooperation with our neighbors and work for progress and prosperity for the people of the region.

11. Conclusion Although BIMSTEC started with a great purpose it lacks of proper goals and implementation of goals. That’s why it got the lowest priority. In order to succeed with their goals, they must include more big economic Asian countries.

12. References https://en.wikipedia.org/wiki/Bay_of_Bengal_Initiative_for_Multi-Sectoral_Technical_and_Economic_Cooperation http://www.bimstec.org/index.php http://sameaf.mfa.go.th/en/organization/detail.php?ID=4493