Consider the following statements on Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC):
1. BIMSTEC has seven members Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand.
2. BIMSTEC provides link between South Asia and South East Asia by way of economic cooperation and linkages in identified areas of cooperation.
3. BISTEC was rechristened as BIMSTEC in the year 2014.
Select the correct answer using the codes given below.