<h4>Introduction to BIMSTEC</h4><p>The <strong>Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation</strong> (<strong>BIMSTEC</strong>) is a vital regional organization.</p><p>It aims to foster multifaceted technical and economic cooperation among the countries of the <strong>Bay of Bengal</strong> region.</p><h4>Member States of BIMSTEC</h4><p><strong>BIMSTEC</strong> comprises <strong>seven member states</strong>, strategically located in South Asia and Southeast Asia.</p><ul><li><strong>Bangladesh</strong></li><li><strong>Bhutan</strong></li><li><strong>India</strong></li><li><strong>Myanmar</strong></li><li><strong>Nepal</strong></li><li><strong>Sri Lanka</strong></li><li><strong>Thailand</strong></li></ul><h4>Purpose and Significance</h4><p>Established in <strong>1997</strong>, its primary objective is to promote technical and economic cooperation across various sectors.</p><p>This cooperation contributes significantly to regional development, stability, and mutual prosperity.</p><div class='info-box'><p>The <strong>BIMSTEC region</strong> is home to approximately <strong>1.5 billion people</strong>, representing about 22% of the global population.</p><p>It boasts a combined <strong>Gross Domestic Product (GDP) of over USD 3.8 trillion</strong>, highlighting its substantial economic potential.</p></div><h4>Evolution and Naming Convention</h4><p>The organization has undergone several name changes since its inception, reflecting its expanding membership and evolving scope.</p><p>Its journey from a sub-regional economic grouping to a broader multi-sectoral initiative underscores a growing commitment to regional integration.</p><div class='key-point-box'><p>The evolution of <strong>BIMSTEC</strong> demonstrates a progressive approach to fostering deeper ties among its diverse member nations.</p></div>