The BIMSTEC member states have emphasized the importance of enhancing physical, maritime, and digital linkages to strengthen economic ties and people-to-people exchanges, while also exploring opportunities for capacity building and skill development.

The support for the establishment of BIMSTEC Centres of Excellence was also expressed by the member states at an informal meeting of the Foreign Ministers of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).

The meeting was held in New York on the sidelines of the 79th Session of the UNGA recently. It concluded with a shared resolve to further deepen cooperation within BIMSTEC and prepare for the upcoming Leaders' Summit.

It was the first meeting of the BIMSTEC Foreign Ministers in New York on the sidelines of the annual Session of the UNGA.

BIMSTEC Foreign Ministers have also been meeting in Retreat, apart from their regular formal meetings.

The meeting took stock of the close cooperation in health, food security, climate change, security, trade and investment and energy. It was hosted by India and chaired by Dr. S. Jaishankar, Minister of External Affairs of India.

It was attended by Ministers of Foreign Affairs/ Foreign Affairs Adviser of Bangladesh, Bhutan and Nepal, Permanent Representatives to UN of Sri Lanka and Thailand, a Representative of Myanmar and Secretary General of BIMSTEC.
 
The 2nd Retreat of BIMSTEC FMs was held on 11-12 July 2024 in New Delhi.t was also hosted by India and chaired by Dr S Jaishankar, External Affairs Minister of India.

BIMSTEC comprises seven countries of the Bay of Bengal region: Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand.

It pursues regional cooperation in seven broad sectors: Agriculture and Food Security; Connectivity; Environment and Climate Change; People to People Contact; Science, Technology and Innovation; Security; and Trade, Investment and Development.

The cooperation also covers 8 sub-sectors: Blue Economy, Mountain Economy, Energy, Disaster Management, Fisheries and Livestock, Poverty alleviation, Health and Human Resource Development.