Consider the following statements regarding Bay of Bengal Multi-Sectoral Technical and Economic Cooperation(BIMSTEC):
1. The grouping formed in 1997 is a bridge between South Asia and Southeast Asia.
2. It constitutes seven member states, five deriving from South Asia, including Afghanistan, Bhutan, India, Nepal, Sri Lanka, and two from Southeast Asia, including Myanmar and Thailand.
Which of the statements given above is/ are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2