Consider the following statements
1. BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) is visualized as a bridging link between ASEAN and SAARC
2. It was formerly known as the Bangkok Agreement.
Which of the statements given above is/are correct?
A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2
Answer: Option A
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