Question map
Consider the following statements 1. BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) is visualized as a bridging link between ASEAN and SAARC. 2. It was formerly known as the Bangkok Agreement. Which of the statements given above is/ are correct ?
Explanation
Statement 1 is correct as BIMSTEC is widely recognized as a unique link connecting South Asia with South-East Asia, effectively bridging members of SAARC (Bangladesh, Bhutan, India, Nepal, Sri Lanka) and ASEAN (Myanmar, Thailand) [t2][t9][t10]. It serves as a platform for intra-regional collaboration between these two major blocs [t9]. Statement 2 is incorrect because BIMSTEC was established via the 'Bangkok Declaration' in 1997, not the 'Bangkok Agreement' [t1][t2][t5]. The Bangkok Agreement, signed in 1975, is the former name of the Asia-Pacific Trade Agreement (APTA), which is a separate preferential trade arrangement involving countries like China and South Korea [c1]. BIMSTEC was originally known as BIST-EC (Bangladesh, India, Sri Lanka, and Thailand Economic Cooperation) before evolving into its current form after the inclusion of Myanmar, Nepal, and Bhutan [t2][t4][t8].
Sources
- [1] https://www.mea.gov.in/Portal/ForeignRelation/India-BIMSTE-2025.pdf
- [2] https://mofa.gov.np/pages/nepal-and-bimstech-6/
- [3] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > 2 Asia-Pacific Trade Agreement (APTA) > p. 551
SIMILAR QUESTIONS
Consider the following statements 1. BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) is visualized as a bridging link between ASEAN and SAARC. 2. It was formerly known as the Bangkok Agreement. Which of the statements given above is/are correct ?
Consider the following statements on Bay of Bengal Initiative for Multi- sectoral Technical and Economic Cooperation (BIMSTEC): 1. BIMSTEC has seven members - Bangladesh, Bhutan, India, Myan- mar, Nepal, Sri Lanka and Thailand. 2. BIMSTEC provides a link between South Asia and South East Asia by way of economic cooperation and linkages in identified areas of cooperation. 3. BIMSTEC was rechristened as BISTEC in the year 201 4. Select the correct answer using the code given below:
Consider the following statements regarding the Bay of Bengal Initiative for Multi Sectoral Technical and Economic Cooperation (BIMSTEC) : 1. It is an international organisation involving a group of countries in South Asia and South East Asia. 2. All countries with whom India shares international border are members of the organisation. 3. Bangladesh, India, Sri Lanka and Thailand were the original members of the organisation. Which of the statements given above is/ are correct ?
Consider the following statements in respect of BIMSTEC : I. It is a regional organization consisting of seven member States till January 2025. II. It came into existence with the signing of the Dhaka Declaration, 1999. III. Bangladesh, India, Sri Lanka, Thailand and Nepal are founding member States of BIMSTEC. IV. In BIMSTEC, the subsector of 'tourism' is being led by India. Which of the statements given above is/are correct?