First ever ‘BIMSTEC Ports’ Conclave’ |ForumIAS

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News: The first ever ‘BIMSTEC Ports’ Conclave’ will be held at Visakhapatnam in Andhra Pradesh on 7-8 November 2019.

Facts:

About BIMSTEC Ports’ Conclave’:

The conclave is expected to explore the possibility of increasing economic cooperation by furthering EXIM trade and coastal shipping.
It will also discuss on various investment opportunities, best practices adopted for productivity and safety at Ports.

About BIMSTEC:

The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organization.
It comprises of seven Member states lying in the littoral and adjacent areas of Bay of Bengal constituting a contiguous regional unity. The members include Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.
It was founded in 1997. It is headquartered in Dhaka, Bangladesh.
The objective of BIMSTEC alliance is to harness trade and accelerated growth with mutual cooperation in different areas of common interest by utilising the regional resources and geographical advantage