Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC)

 Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal are its members.

 Its headquarters is in Dhaka, Bangladesh.

The main objective of BIMSTEC is technological and economic co-operation among south Asian and south east Asian countries along the coast of the bay of Bengal.

 Commerce, investment, technology, tourism, human resource development, agriculture, fisheries, transport and communication, textiles, leather etc. have been included in it.

 BIMSTEC uses the alphabetical order for the Chairmanship; Nepal formally took over the new Chairmanship as on 2014.

 The ADB has become BIMSTEC's development partner to undertake, promote and improve transport infrastructure and logistic among the BIMSTEC countries.