facebook
twitter
rss
account
search
search
 

China promotes Bangladesh-China-India-Myanmar economic corridor

Oct. 24, 2013 at 1:20 AM   |   Comments

BEIJING, Oct. 24 (UPI) -- China says the proposed Bangladesh-China-India-Myanmar economic corridor could "change the geo-political map in Asia and the world."

The proposal was included in a joint statement issued in Beijing during the visit of Indian Prime Minister Manmohan Singh, Xinhua News Agency reported.

"In move that may change the geo-political map in Asia and the world, China and India decided to move ahead with preparation for the BCIM Economic Corridor that compasses Bangladesh, China, India and Myanmar," Xinhua said.

China expressed readiness to step up investment, railway construction and industrial zone development in the region, the agency said.

In an earlier written interview with the Chinese media in connection with his visit, Singh had been quoted as saying that to move BCIM idea forward, India and China need to first get the support of Bangladesh and Myanmar and together study the various practical elements of such a corridor. Myanmar was formerly called Burma.

India's Business Standard said the multi-billion dollar project would link South Asia and East Asia for economic activity, and had figured prominently during talks between Chinese Foreign Minister Wang Yi and his visiting Bangladeshi counterpart Dipu Moni last week.

Xinhua quoted Wang as saying China regards Bangladesh as a natural partner and important for China's opening up westward.

China and India will continue to discuss with other parties to establish the BCIM, Xinhua reported. Further discussion on concepts and alignment of the economic corridor are envisaged, it said.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
GM recalls 221,000 Cadillacs and Impalas GM recalls 221,000 Cadillacs and Impalas
2
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
3
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
4
Ukraine's State Guard Service receives armored personnel carriers Ukraine's State Guard Service receives armored personnel carriers
5
Navy's Triton surveillance drone flies cross-country Navy's Triton surveillance drone flies cross-country
Trending News
Video
x
Feedback