Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation
BIMSTEC Bay of Bengal Initiative or for Multi- Sectoral Technical and Economic Cooperation ( BIST -EC until July 2004 or Bangladesh, India, Sri Lanka, Thailand Economic Cooperation), is a regional organization of the seven past of Bengal on the Gulf States.
It is thus possible to achieve a closer cooperation between South Asia and Southeast Asia. The goal is a free trade area for goods destined to 2017. It also plans to mechanisms for peaceful conflict resolution will be developed.
It was founded in June 1997 as a BIST -EC.
Members
- Bangladesh
- Bhutan ( since 2004)
- India
- Myanmar ( since 1997)
- Nepal (since 2004)
- Sri Lanka
- Thailand