This presentation describes the regional connectivity that connects Bangladesh with China,India and Myanmar. This was anciently known as silk road. This connectivity of course improves the economic growth in this territories.
15. Background of Connectivity
• 1999 in Kunming(China)
• Yunnan Academy of Social Sciences,
Ministry of Trade,
CPD,
CPR.
• Prof. Rehman Sobhan
16. Initiatives
• Bangladeshi PM visit to China in 2010
• Indian PM visit in China in 2012
• Chinese PM visit in India in 2013
• first inter-governmental study meeting in Kunming
on 18-19 December 2013.
21. BCIM and Proposed Corridor
• The proposed corridor will cover 1.65 million square
kilometers of land connectivity.
• Around 440 million people in China’s Yunnan Province,
Bangladesh, Myanmar and Bihar in Northern India.
22. • Greater market access for goods
• Services and energy
• Elimination of non-tariff barriers
• Better trade facilitation
• Investment in infrastructure development
• Joint exploration and development of mineral, water,
and other natural resources
• Development of value and supply chains based on
comparative advantages by translating comparative
advantages into competitive advantages, and through
closer people to people contact.
23. • Trade among BCIM countries will be increased by US$ 5.7
billion, US$ 4.1 billion and US$ 2.7 billion under full, moderate
and partial tariff liberalization
• Through linking the ASEAN Free Trade Area, ASEAN-China Free Trade
Area and the ASEAN-India Free Trade Area, the corridor would
constitute as one of the largest free trade areas.
Full liberalization Moderate
liberalization
Partial liberalization
100% linear tariff cut
from existing level
75% linear tariff cut
from existing level
50% linear tariff cut
from existing level
25. Benefits for
Bangladesh
• The distance between Kunming and Chittagong is less
than 1,000km whereas the distance from Kunming to
its nearest seaport Guangzhou is 1,700km
• Major gateway for the land-locked regions of both
India and China
• Greater access in
China and
India(eastern and
north-eastern states)
26. Benefits for Bangladesh
• Access to Southeast Asia
• Improvement of
transportation infrastructure
• Creation of industrial zones
• Bangladesh will gain US$ 700
million, US$ 500 million and
US$ 400 million
27.
28. Limitation of BCIM
• India – China conflict
• Bangladesh - surrounded by India
• No democracy in Myanmar