Focus: GS II- International Relations
Why in News?
India hosted the Second Agriculture Ministerial-level meeting of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) under the chairmanship of the Union Minister for Agriculture and Farmers Welfare.
- The 2nd BIMSTEC Agriculture Ministerial Meeting adopted the Action Plan for Strengthening BIMSTEC Agricultural Cooperation (2023-2027).
- An MoU between the BIMSTEC Secretariat and the International Food Policy Research Institute (IFPRI) has been signed and approval has been given to bring Fisheries and Livestock sub-sectors under the Agricultural Working Group.
- BIMSTEC member countries appreciated India’s efforts to strengthen cooperation in agricultural res
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:
- Sri Lanka
- Myanmar (South-east Asia)
- Thailand (South-east Asia)
- Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand are the member states dependent on the Bay of Bengal.
- Fourteen priority sectors of cooperation have been identified and several BIMSTEC centres have been established to focus on those sectors.
- The permanent secretariat of the BIMSTEC is in Dhaka, Bangladesh.
History of Formation
- In 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 2004, at the first Summit the grouping was renamed as BIMSTEC or the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation.
- 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
- The BIMSTEC uses the alphabetical order for the Chairmanship which has been taken in rotation commencing with Bangladesh (1997–1999).