@Article {
	Title 				= {How Promising Is BIMSTEC?},
	Author 				= {Nilanjan Banik},
	Journal 			= {Economic and Political Weekly},
	Year 				   = { 2006},
	Month 				= {23},
	Number 				= { Issue No. 51},
	Volume 				= {Vol. 41},
	Abstract 			= {In this article we attempt to determine to what extent the Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation economies are ready to form a free trade area. The present analysis suggests that the BIMSTEC region has many characteristics that would be desirable for an FTA. We base our analysis on a few criteria such as price, income, geographical characteristics and trade. In general, we find there are favourable indications for the BIMSTEC economies to enter into a successful regional trade agreement. Forming an FTA would be expected to create relative advantage for the member countries.
},
	Publisher 			= {Economic and Political Weekly},
	Type 				= {Journal}
  }