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BCIM Economic Corridor

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852: 315: 1582: 33: 112:, China's signature global connectivity initiative. The BRI was boycotted by India from the start. In May 2019, the BCIM was not mentioned in a list of 35 corridors and projects in a joint communique issued by state leaders attending the 2nd Belt and Road Forum, indicating the BCIM had been dropped from the BRI. In the same year India has sought to keep the BCIM intact by sending a delegation to the 13th BCIM Forum in 2067: 1264: 300: 345: 178:
feature in intergovernmental discussions, at highest political levels, as was recounted above. The initial vision of the Kunming initiative was to gradually steer the endeavour from an essentially civil society (Track II) to an intergovernmental (Track I) one where political buy-in and intergovernmental ownership would be key to realising the vision and the objectives of the initiative.
862: 330: 1107: 395:, the corridor would constitute as one of the largest free trade areas. Bangladesh, China, India and Myanmar hope to create a corridor that would effectively combine road, rail, water and air linkages in the region. This will also improve foreign trade of the BCIM countries and empower bilateral trading. 374:
During the last held session in 2013, India was represented at this week's talks by Joint Secretary (East Asia) at the Ministry of External Affairs Gautam Bambawale, who was joined by the Deputy Planning Minister of Bangladesh, the Vice Chairman of China's National Development and Reform Commission,
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On 18 December 2013, the four nations drew up a long discussed plan, emphasizing the need to quickly improve physical connectivity in the region, over two days of talks in the south-western Chinese city of Kunming – the provincial capital of Yunnan, which borders Myanmar – on Wednesday and Thursday.
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The Kunming Initiative evolved into the BCIM Forum for Regional Cooperation during its first with the objective to create a platform where major stakeholders could meet and discuss issues in the context of promoting economic growth and trade in the BCIM region; identify specific sectors and projects
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The construction of industrial zones will have a twofold benefit. Firstly, it will lead to industrial transfer boosting industries such as processing, manufacturing and commerce logistics. Secondly, as labour costs rise in China, labour-intensive industries such as textile and agro processing will
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The eleven BCIM Forums, organised in rotation by the aforesaid institutions in the four countries, have highlighted the potential benefits of closer cooperation among the four countries in such areas as connectivity, trade, investment, energy, water management, tourism and other areas. The four
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Over the years, the Kunming initiative developed into what came to be popularly known as the BCIM Forum. Successive BCIM Forums were held annually making a seminal contribution in raising awareness about the potential benefits accruing from the BCIM cooperation. BCIM cooperation also started to
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through the combination of road, rail, water and air linkages in the region. The BCIM envisages greater market access for goods, services and energy, elimination of non-tariff barriers, better trade facilitation, investment in infrastructure development, and joint exploration and development of
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eventually be shifted out of China. These industries will need to be transferred to new regions with lower labour costs. Companies operating in China will likely give priority to the trade corridor region given its established infrastructure, improved logistics and ease of access
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who advocated that multi-modal transport connectivity and supported by other initiatives and infrastructure development could significantly reduce transaction costs, stimulate trade and investment and consequently accelerate growth and poverty alleviation in this region.
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The economic advantages of the BCIM trade corridor are considerable, most notably: access to numerous markets in Southeast Asia, improvement of transportation infrastructure and creation of industrial zones.
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Sobhan's pioneering ideas would eventually lead to the development of the platform in the 1990s which came to be known as the "Kunming Initiative". The first meeting of the Initiative was convened in 1999 in
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which would promote greater collaboration among the BCIM nations; and strengthen cooperation and institutional arrangements among the concerned key players and stakeholders to deepen BCIM ties.
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in 2013. Li's visit marked the first time high-ranking officials had discussed the trade corridor. Furthermore, earlier in the year, the first ever BCIM car rally was held between
956: 371:) is a sub-regional organisation of Asian nations aimed at greater integration of trade and investment between the four countries and the economic corridor has grown out of it. 840: 1080: 2091: 2009: 1299: 1422: 1486: 1481: 1317: 1097: 663: 447: 1696: 1412: 2096: 951: 116:, noting however the corridor predates the BRI. Ultimately, the corridor was abandoned due to BCIM's ties to the Belt and Road and the sharp deterioration in 1102: 497: 813: 170:(CPR) from India and Yunnan Academy of Social Sciences in Kunming, China; from the Myanmar side it was the Ministry of Trade which represented the country. 1895: 1372: 1250: 1245: 210:
This marked the formal endorsement of the BCIM EC by the four nations, whereby it was agreed that the corridor would run from Kunming to Kolkata, linking
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countries also agreed to encourage greater cooperation and exchanges in the BCIM region in the areas of education, sports and science and technology.
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The proposed corridor will cover 1.65 million square kilometres, encompassing an estimated 440 million people in China's
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One of the most recent developments to the BCIM came to fruition during the meeting between Chinese Premier
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The Belt and Road City: Geopolitics, Urbanization, and China's Search for a New International Order
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also stand to gain by higher trade and connectivity with China and the rest of Asia.
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The concept of economic cooperation within the BCIM region was first developed by
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Working Mechanism for Consultation and Coordination on India–China Border Affairs
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In 2015, China proposed including the corridor as part of its vision for the
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Special Representative mechanism on the India-China boundary question
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Special Loan Program for China-Latin America Infrastructure Project
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Sino-Latin American Production Capacity Cooperation Investment Fund
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The Bangladesh–China–India–Myanmar Forum for Regional Cooperation (
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Conference on Interaction and Confidence-Building Measures in Asia
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Agreement on the Political Parameters and Guiding Principles, 2005
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Bangladesh–China–India–Myanmar Forum for Regional Cooperation
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India-China Joint Working Group on the boundary question
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Bangladesh, China, India and Myanmar Economic Corridor
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to highlight road connectivity in the four countries.
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Bangladesh, China, India and Myanmar Economic Corridor
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Defence of India act and Defence of India rules, 1962
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and a Senior economic affairs official from Myanmar.
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Index

BCIM Forum
Map of Asia, showing the OBOR initiative
China
Asian Infrastructure Investment Bank
Maritime silk road
Asian Infrastructure Investment Bank
India
China
Myanmar
Bangladesh
corridor
Belt and Road Initiative
Yuxi
Sino-Indian relations
Yunnan
West Bengal
Eastern India
Rehman Sobhan
Kunming
The Centre for Policy Dialogue
Centre for Policy Research
Li Keqiang
Manmohan Singh
Kolkata
Kunming
Dhaka
Mandalay
Myanmar
Dhaka
Chittagong

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