Where is the BIMSTEC Secretariat located?
Show answer & explanation
Correct answer: B
Explanation
Correct Answer
Dhaka, Bangladesh
Explanation
The permanent secretariat of BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) is located in Dhaka, the capital of Bangladesh. It was officially inaugurated in March 2014. The primary function of this secretariat is to smoothly operate and coordinate cooperation among member countries across various sectors.
Key Points
BIMSTEC was established on June 6, 1997, through the 'Bangkok Declaration'. It has a total of 7 member countries, out of which 5 are from South Asia (India, Bangladesh, Bhutan, Nepal, Sri Lanka) and 2 are from Southeast Asia (Myanmar, Thailand). This organization promotes technical and economic cooperation among countries surrounding the Bay of Bengal.
Additional Facts
The main objective of this organization is to strengthen mutual cooperation in key sectors such as trade, investment, technology, energy, transportation, tourism, and fisheries. For India, this organization is extremely important as it serves as a robust bridge between India's 'Neighborhood First' and 'Act East' policies.
Important Questions and Answers
Question: In which year and under which declaration was BIMSTEC established?
Answer: In the year 1997, under the Bangkok Declaration.
Question: How many member countries are included in the BIMSTEC organization?
Answer: A total of 7 member countries.