Fourteen priority sectors of cooperation have been identified and several BIMSTEC centres have been established to focus on those sectors. A BIMSTEC free trade agreement is under negotiation.
Leadership is rotated in alphabetical order of country names. The permanent secretariat is in Dhaka.
There are 14 main sectors of BIMSTEC along technological and economic cooperation among south Asian and southeast Asian countries along the coast of the Bay of Bengal
Sectors 7 to 13 were added at the 8th Ministerial Meeting in Dhaka in 2005 while the 14th sector was added in 11th Ministerial Meeting in New Delhi in 2008.
Member nations are denoted as Lead Countries for each sector.
Provide cooperation to one another for the provision of training and research facilities in educational vocational and technical fields. Promote active collaboration and mutual assistance in economic,social ,technical and scientific fields of common interest.It also provides help to increase the socio-economic growth of the member countries.