According to the Ministry of External Affairs (MEA), the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) summit will adopt a Bangkok Vision 2030 at the end of this year.

• This document will serve as an overarching framework, providing direction to the organization and its activities.
• Thailand has put forth the Bangkok vision 2030 which seeks to propel BIMSETC towards a region that is prosperous, resilient and open.

Background:

• The grouping comprises Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand.
• In 2022, the BIMSTEC charter was adopted which lays the foundation for it to function as a full-fledged organization.

About:

• Objective: Bangkok Vision 2030 seeks to propel BIMSETC toward a region that is prosperous, resilient, and open moving us in a forward-looking trajectory for sustainable and balanced growth.
• An eminent group of persons has been introduced for monitoring progress in all seven sectors.