Myanmar, Mar 4 (ANI): The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) aiming to improve trade, transit and economic development among its members, convened summit on South and Southeast Asian development on Tuesday in Naypyitaw, Myanmar. Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand are members of the Bay of Bengal Initiative for Multi-Sectoral Technical Economic Cooperation (BIMSTEC).