- Home
- Current Affairs
- Current Questions
- Daily Current Affairs Questions
- 15 February 2020!
Current Affairs Question - 15 February 2020
National Bilateral, Regional And Global Groupings Affecting India
Bay Of Bengal Initiative For Multi-Sectoral Technical And Economic Cooperation
Consider the following statements with reference to the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC):
- The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation of six nations of South Asia and South East Asia.
- The organization functions as per the founding principles of BIMSTEC as laid down in the Bangkok Declaration of 6 June 1997 and directions given by the Leaders of the Member States.
Which of the statement(s) given above is/are correct?
A |
Only 1
|
|
B |
Both 1 and 2
|
|
C |
Only 2
|
|
D |
Neither 1 nor 2
|
Your Ans is
Right ans is C
Explanation :
- The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (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.
- This sub-regional organization came into being on 6 June 1997 through the Bangkok Declaration.
- It constitutes seven Member States: five deriving from South Asia, including Bangladesh, Bhutan, India, Nepal, Sri Lanka, and two from Southeast Asia, including Myanmar and Thailand.
- Initially, the economic bloc was formed with four Member States with the acronym ‘BIST-EC’ (Bangladesh, India, Sri Lanka and Thailand Economic Cooperation). Following the inclusion of Myanmar on 22 December 1997 during a special Ministerial Meeting in Bangkok, the Group was renamed ‘BIMST-EC’ (Bangladesh, India, Myanmar, Sri Lanka and Thailand Economic Cooperation).
- With the admission of Nepal and Bhutan at the 6th Ministerial Meeting (February 2004, Thailand), the name of the grouping was changed to ‘Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation’ (BIMSTEC).
Objective
- The objective of building such an alliance was to harness shared and accelerated growth through mutual cooperation in different areas of common interests by mitigating the onslaught of globalization and by utilizing regional resources and geographical advantages . Unlike many other regional groupings, BIMSTEC is a sector-driven cooperative organization.
News Crux
News Crux
News Crux
- Appointment & Resignation
- Art/Culture/Heritage
- Awards In News
- Bill/Act/Amendment
- Defence
- Defence/Military Exercises
- Famous Books
- Important Days/Weeks
- Important Decade
- Miscellaneous
- Obituary
- Organisation In News
- Persons In News
- Places In News
- Plans & Policy
- Reports/Committee/Commission
- Scheme & Programme
- Species In News
- Summit, Seminars & Conferences
- Survey/Index
- Web Portal & Apps
State In News
State In News
State In News
- Andhra Pradesh
- Arunachal Pradesh
- Assam
- Bihar
- Chhattisgarh
- Delhi
- Goa
- Gujarat
- Haryana
- Himachal Pradesh
- Jammu And Kashmir
- Jharkhand
- Karnataka
- Kerala
- Ladakh
- Madhya Pradesh
- Maharashtra
- Manipur
- Meghalaya
- Mizoram
- Nagaland
- Odisha
- Punjab
- Rajasthan
- Tamil Nadu
- Telangana
- Tripura
- Uttar Pradesh
- Uttarakhand
- West Bengal