The Charter of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) entered into force on 20 May 2024. It paves the way for external partnerships and admission of observers and new members. The Charter was signed by the Heads of State and Government of the BIMSTEC member States during the Fifth Summit held virtually in Colombo, Sri Lanka, on 30 March 2022.
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