Purposes

The purposes of BIMSTEC:

  • To create an enabling environment for rapid economic development through identification and implementation of specific cooperation projects in the already agreed areas of cooperation and such other areas that may be agreed upon by the Member States. Member States may periodically review the areas of cooperation.

  • ¬†To accelerate the economic growth and social progress in the Bay of Bengal region through joint endeavours in a spirit of equality and partnership.

  • To promote active collaboration and mutual assistance on matters of common interest in the economic, social, technical and scientific fields.

  • To provide assistance to each other in the form of training and research facilities in the educational, professional and technical spheres.

  • To cooperate more effectively in joint efforts that are supportive of and complementary to national development plans of the Member States which result in tangible benefits to the people in raising their living standards, including through generating employment and improving transportation and communication infrastructure.

  • To cooperate in projects that can be dealt with most productively on a regional basis among the BIMSTEC Member States and that make best use of available synergies.

  • To maintain peace and stability in the Bay of Bengal region through close collaboration in combating international terrorism, transnational organized crimes as well as natural disasters, climate change and communicable diseases.

  • To maintain close and beneficial cooperation with existing international and regional organizations with similar aims and purposes.

  • To endeavour to eradicate poverty from the Bay of Bengal region.

  • To establish multidimensional connectivity, promote synergy among connectivity frameworks in the region, as a key enabler to economic integration for shared prosperity.

  • To promote trade and investment as a major contributing factor for fostering economic and social development in the region.