BCIM Economic Corridor in the context of Asian Infrastructure Investment Bank


BCIM Economic Corridor in the context of Asian Infrastructure Investment Bank

⭐ Core Definition: BCIM Economic Corridor

The Bangladesh, China, India and Myanmar Economic Corridor (BCIM) was a proposed road, rail, water and air link connecting India and China through Myanmar and Bangladesh as a corridor.

In 2015, China proposed including the corridor as part of its vision for the Belt and Road Initiative, 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 Yuxi, 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 Sino-Indian relations.

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BCIM Economic Corridor in the context of Eastern South Asia

Eastern South Asia is a subregion of South Asia. It includes the countries of Bangladesh, Bhutan, India (specifically East India and Northeast India), and Nepal. Geographically, it lies between the Eastern Himalayas and the Bay of Bengal. Two of the world's largest rivers, the Ganges and the Brahmaputra, flow into the sea through Eastern South Asia. The region includes the world's highest mountainous terrain and the world's largest delta, and has a climate ranging from alpine and subalpine to subtropical and tropical. Since Nepal, Bhutan, and northeast India are landlocked, the coastlines of Bangladesh and East India serve as the principal gateways to the region.

With more than 441 million inhabitants, Eastern South Asia is home to 6% of the world's population and 25% of South Asia's population. The Bangladesh, Bhutan, India, Nepal Initiative promotes economic integration in the region. The four countries are members of the South Asian Association for Regional Cooperation and the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation. Yunnan Province and the Tibet Autonomous Region of the People's Republic of China (PRC) and Myanmar are historically, economically, and culturally interdependent on Eastern South Asia. The Bangladesh–China–India–Myanmar Forum has established an economic corridor in the region.

View the full Wikipedia page for Eastern South Asia
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