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Which of the following countries hosted the first business summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) in 2024?
Kathmandu, Nepal
Thimphu, Bhutan
Dhaka, Bangladesh
New Delhi, India
New Delhi, India
India hosted the inaugural BIMSTEC Business Summit in New Delhi in August 2024 to boost regional trade and economic integration.
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) held its first-ever Business Summit in New Delhi, India, in August 2024. Organized by the Ministry of External Affairs in partnership with leading industry chambers like CII, the summit aimed to foster robust economic collaboration, enhance cross-border connectivity, and encourage private sector partnerships among the seven member nations. This strategic initiative marks a significant milestone in transitioning BIMSTEC from a diplomatic dialogue forum into a project-driven economic bloc.
BIMSTEC was established on 6 June 1997 through the Bangkok Declaration and currently links seven member states dependent on the Bay of Bengal region: Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand. The permanent BIMSTEC Secretariat is located in Dhaka, Bangladesh, providing institutionalized coordination for regional integration across 14 priority sectors.
Event: 1st BIMSTEC Business Summit
Host Location: New Delhi, India
Year of Summit: August 2024
BIMSTEC Permanent Secretariat: Dhaka, Bangladesh
D is correct тАФ New Delhi, India hosted the first business summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) in 2024.
Remember that while the BIMSTEC permanent secretariat is in Dhaka (Bangladesh), the inaugural high-profile Business Summit to boost trade ties was hosted by India in New Delhi in 2024.
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