The BIMSTEC Summit 2022.
~Preet. The fifth summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) grouping was recently held in Colombo, Sri Lanka (Host for the Fifth Summit). The primary consequence of this meeting was the signing of the BIMSTEC Charter. The members were supposed to convene once every two years under this Charter. The BIMSTEC now has a worldwide presence as a result of the Charter. It has an emblem and a flag. It has a formally stated goal and values to which it will adhere. In keeping with the organization's evolution into a formal structure, the leaders of the member nations have decided to split the group's operations into seven sectors, with India leading the security pillar. The Master Plan for Transport Connectivity, which will establish a framework for regional and domestic connectivity, was announced at the summit. A pact on mutual legal aid in criminal proceedings was also signed by member countries. A Memorandum of Agreement