{ March 2014 } Myanmar hosted third BIMSTEC summit 2014

Current Affairs ;- 2014

Third BIMSTEC summit hosted by Myanmar concluded on 4th March 2014 in Nay Pyi Taw, Myanmar. 
The Third BIMSTEC summit was attended by the heads from six countries and Special Envoy of the Prime Minister of Thailand, namely 
Prime Minister of India - Manmohan Singh,
Prime Minister of Bangladesh - Sheikh Hasina, 
Prime Minister of Nepal - Sushil Koirala,
President of Sri Lanka - Mahinda Rajapaksa,
Prime Minister of Bhutan - Tshering Tobgay, 
President of Myanmar - Thein Sein
Following three pacts were signed :
Memorandum of Association on the Establishment of the BIMSTEC Permanent Secretariat.
Memorandum of Understanding on the Establishment of the BIMSTEC Cultural Industries Commission (BCIC) and BIMSTEC Cultural Industries Observatory (BCIO).
Memorandum of Association among BIMSTEC Member Countries Concerning Establishment of a BIMSTEC Centre for Weather and Climate.
Important to note :
Full form of BIMSTEC : Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation