“Bangladesh-chinaindia-myanmar Economic Corridor”
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.