“Bangladesh-chi­nain­dia-myan­mar Eco­nomic Cor­ri­dor”

ChinAfrica - - China Report -

THE pro­posal for the Bangladeshchina-in­dia-myan­mar Eco­nomic Cor­ri­dor (BCIMEC) was un­veiled by China and In­dia dur­ing Pre­mier Li Ke­qiang’s visit to In­dia in May 2013, with the ob­jec­tive of link­ing the two huge mar­kets of China and In­dia and en­hanc­ing re­gional con­nec­tiv­ity. Bangladesh and Myan­mar wel­comed the pro­posal.

In De­cem­ber 2013, the first meet­ing of the BCIMEC joint work­ing group was held in Kun­ming, and a joint study plan was signed by all par­ties, lead­ing to the es­tab­lish­ment of a mech­a­nism for co­op­er­a­tion among the four gov­ern­ments.

When meet­ing with Prime Min­is­ter Naren­dra Modi in In­dia in Septem­ber 2014, Pres­i­dent Xi Jin­ping sug­gested that China and In­dia spear­head a joint ef­fort to ac­cel­er­ate the con­struc­tion of the BCIMEC un­der the frame­work of the Belt and Road Ini­tia­tive.

At its sec­ond meet­ing in Cox’s Bazaar, Bangladesh in De­cem­ber 2014, the BCIMEC joint work­ing group dis­cussed the vi­sion, pri­or­i­ties, and di­rec­tion of fu­ture de­vel­op­ment of the BCIMEC. In ad­di­tion to bring­ing ben­e­fits to the four coun­tries di­rectly in­volved, the cor­ri­dor is also ex­pected to spur growth in South, South­east and East Asia as well.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.