Myanmar to support Silk Road, BCIM
Myanmar’s
State Counsellor Aung San Suu Kyi, during her recent visit to China, announced
Myanmar’s support to China backed Silk Road initiative and
Bangladesh-China-India-Myanmar (BCIM) economic corridor.
- She also sought China’s support for her country’s
infrastructure projects while taking into consideration the demands of
environmental groups back home, who oppose such foreign-backed initiatives.
About BCIM:
The Bangladesh
China India Myanmar Economic Corridor is an initiative conceptualised for
significant gains through sub-regional economic cooperation within the BCIM.
- The multi-modal corridor will be the first expressway between India and China and will pass through Myanmar and Bangladesh.
- The project will link Kolkata with Kunming, the capital of China’s Yunnan province, passing through Myanmar and Bangladesh, with Mandalay and Dhaka among the focal points.
- 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.
