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Bimstec - BAY OF BENGAL INITIATIVE FOR MULTISECTORAL TECHNICAL AND ECONOMIC COOPERATION
second Bimstec summit was held in Newdelhi.A pact on combating international terrorism and illicit drug trafficking was signed.other than that agreements were signed for promoting exchanges in three areas-weather, culture,energy.It was decided to set up anenergy centre in India , cultural industries observatory in hutan and Weather and climate centre in India.
Bimstec was formed in 19997 by 4 countries India , Bangladesh,Srilanka and Thailand. It was joined by Myanmar in the firsr meeting . In its first summit in Thailand in 2004, Bhutan and Nepal joined .thus now it is a seven member organisation.