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BCIM Corridor a game changer for South Asian trade July 24, 2014

Posted by southasiamasala in : Bangladesh, Guest authors, India , comments closed

Pravakar Sahoo and Abhirup Bhunia

The Bangladesh–China–India–Myanmar (BCIM) Economic Corridor will increase socioeconomic development and trade in South Asia. The initiative seeks to improve connectivity and infrastructure, energy resources, agriculture, and trade and investment. It will connect India’s Northeast, Bangladesh, Myanmar, and the Chinese province of Yunnan through a network of roads, railways, waterways, and airways under a proper regulatory framework. The current focus of BCIM talks is on an inter-regional road network. This makes sense, as roads are the cheapest route of trade. NyaungShwe_Conrad2236 The BCIM Economic Corridor is a modern version of the Silk Road, and a revision of the 1999 Track II Kunming initiative between BCIM countries. It is planned to run from China’s Kunming province to Kolkata in India, and link Mandalay in Myanmar and Dhaka and Chittagong in Bangladesh. BCIM initiatives have gained momentum since Chinese Premier Li Keqiang’s visit to India and the conclusion of the first official meeting of the joint study group of the BCIM Economic Corridor on 19 December 2013.

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