CURRENT CONTEXT: The Union Minister for Ports, Shipping & Waterways inaugurated the 2nd BIMSTEC Ports Conclave.
ABOUT BIMSTEC:
- Full Form: Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation
- Established: 1997 (Bangkok Declaration)
- Members (7): Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, Thailand
- Headquarters: Dhaka, Bangladesh
- Purpose: Regional cooperation in trade, transport, tourism, and connectivity
ABOUT PORTS CONCLAVE:
- Event: 2nd BIMSTEC Ports Conclave
- Focus:
- Boost port-led development
- Promote cooperation in blue economy
- Strengthen maritime and logistics connectivity
❖ Significance: Enhances regional integration between South and Southeast Asia