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 stateme

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Q: 46 (CDS-I/2008)
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 ?

question_subject: 

General Knowledge

question_exam: 

CDS-I

stats: 

0,28,25,28,1,24,0

keywords: 

{'asean': [0, 0, 10, 6], 'bangkok agreement': [0, 0, 2, 0], 'bimstec': [0, 0, 0, 1], 'bridging link': [0, 0, 2, 0], 'economic cooperation': [0, 0, 6, 8], 'bengal initiative': [0, 0, 1, 2], 'saarc': [0, 0, 2, 8], 'multi': [0, 0, 2, 0]}

The correct answer is option 1, which states that statement 1 is correct.

Statement 1 states that BIMSTEC is visualized as a bridging link between ASEAN (Association of Southeast Asian Nations) and SAARC (South Asian Association for Regional Cooperation). This is true because BIMSTEC was established with the objective of promoting technical and economic cooperation among countries in the Bay of Bengal region, which includes both ASEAN and SAARC member states. BIMSTEC aims to strengthen regional connectivity, trade, investment, and cultural ties among its member states, which include Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand. Therefore, statement 1 is accurate.

Statement 2, on the other hand, is incorrect. BIMSTEC was not formerly known as the Bangkok Agreement. The Bangkok Agreement was a separate agreement signed in 1975 among five countries in the Asia-Pacific region for preferential tariff treatment. BIMSTEC was established in 1997 and has a different purpose and membership.

Therefore, the correct answer is option 1, and only statement 1 is correct.