Bay of Bengal Initiative for Multi-Sectoral Technical and Economic CooperationWikipedia short information
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation of 7 nations of South Asia and South East Asia, housing 1.5 billion people with 2.5 trillion combined economy (2014), including Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal. The BIMSTEC states are among the countries dependent on the Bay of Bengal. 14 priority sectors of cooperation has been identified and several BIMSTEC centres have been established in these areas. Free Trade Agreement is under negotiation (c. 2018).