Leaders of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) on Wednesday signed the BIMSTEC Charter at the 5th Summit held in Sri Lankan capital city placing the organization’s activities on a more structured and rule based platform. Prime Minister Sheikh Hasina and her Indian counterpart Narendra Modi joined the Summit, hosted by current BIMSTEC chair Sri Lanka in virtual mode, from Dhaka and New Delhi respectively with other BIMSTEC leaders from Bhutan, Nepal, Thailand and Myanmar. BIMSTEC Convention on mutual legal assistance in criminal matters was signed by Foreign Minister Dr AK Abdul Momen, the Ministers of Foreign Affairs and the nominated signatories of the BIMSTEC Member States.  Memorandum of Association (MoA) on the Establishment of BIMSTEC Technology Transfer Facility (TTF) in Colombo, Sri Lanka was signed by Dr Momen, Ministers of Foreign Affairs and the nominated signatories of the BIMSTEC Member States. Read: Strong Bangladesh contributes to NE India's development: Junior Foreign Minister of India

State Minister for Foreign Affairs Md. Shahriar Alam on Sunday said the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (Bimstec) has huge prospects for economic cooperation as much its potentials are still unexplored and unexploited. 

State Minister for Foreign Affairs Md Shahriar Alam has said that Bangladesh will construct a multi-storied modern building for the Bimstec Secretariat.