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GA Topper Series: Regional International Organization

Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC)

Chair of BIMSTEC– Thailand(2022-2023) 

Theme of Thailand’s chairmanship– Prosperous, Resilient and Robust, Open

BIMSTEC Secretary General– Tenzin Lekphell 

Members of BIMSTEC– Bangladesh, Bhutan, India, Nepal, Sri Lanka, Myanmar, and Thailand. 

Headquarters– Dhaka, Bangladesh

Founding date: 6 June 1997

BIMSTEC is a regional organization comprising seven Member States lying in the littoral and adjacent areas of the Bay of Bengal constituting a contiguous regional unity. 

BIMSTEC was initially formed with 4 member states, Bangladesh, India, Sri Lanka, and Thailand, with the acronym of BIST-EC(Bangladesh, India, Sri Lanka, and Thailand Economic Cooperation). 

In 1997, Myanmar was included in the economic bloc and the group was renamed as “BIMSTEC. Following the inclusion of Nepal and Bhutan in February 2004, the group was renamed as “Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation” BIMSTEC. 

In 2014, the BIMSTEC Secretariat was established in Dhaka, Bangladesh.

BIMSTEC charter was adopted at the 5th BIMSTEC Summit hosted by the Democratic Socialist Republic of Sri Lanka in Colombo, Sri Lanka in March 2022. 

BIMSTEC in 2022 celebrated the 25th Foundation day of BIMSTEC Day

BIMSTEC Secretariat released a publication titled “25 Years of BIMSTEC – Towards a Peaceful, Prosperous and Sustainable Bay of Bengal Region”. 

South Asian Association for Regional Cooperation (SAARC)

It was established with the signing of the SAARC Charter in Dhaka on 8 December 1985.

7 founding countries—Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka—met for the first time in Colombo in April 1981.
Afghanistan became the newest member of SAARC at the 13th annual summit in 2005.

Headquarters and Secretariat: Kathmandu, Nepal

Secretary generalEsala Weerakoon

SAARC Specialized Bodies

SAARC Development Fund (SDF): Its primary objective is the funding of project-based collaboration in social sectors such as poverty alleviation, development, etc.

South Asian University: is an international university, located in India. Degrees and Certificates awarded by the SAU are at par with the respective Degrees and Certificates awarded by the National Universities/ Institutions.

South Asian Regional Standards Organization
South Asian Regional Standards Organization (SARSO) has its Secretariat in Dhaka, Bangladesh.

It was established to achieve and enhance coordination and cooperation among SAARC member states in the fields of standardization and conformity assessment and is aimed to develop harmonized standards for the region to facilitate intra-regional trade and to have access to the global market.

SAARC Arbitration Council

It is an inter-governmental body having its office in Pakistan is mandated to provide a legal framework/forum within the region for fair and efficient settlement of commercial, industrial, trade, banking, investment, and such other disputes, as may be referred to it by the member states and their people.

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  1. Who is to organize the latest SAARC summit?
  2. How many priority sectors are there under Bimstec?

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