A REVIEW ON BANGLADESH-CHINA-INDIA-MYANMAR ECONOMIC CORRIDOR IN THE CONTEXT OF BANGLADESH’S INTEREST

Abstract

Carrying out study on BCIM economic corridor is extremely important; because, Bangladesh is surrounded by India, Myanmar and China, where Bangladesh needs to maintain friendly relations with these three neighboring countries. China is rising rapidly in terms of socio-economic and political development in the South, Southeast and Northeast Asian region. China has the highest foreign currency reserves through which many countries of South, Southeast and Northeast Asia might be economically benefitted. Besides, India is a big country with huge population which might be a potential development partner of South and Southeast Asian countries. On the other hand, Myanmar has huge reserves of gas, oil and other mineral resources from which Bangladesh can be greatly benefitted. This study has found that the BCIM economic corridor is very significant for Bangladesh’s regional connectivity, people to people contacts, cultural exchanges, soft–power diplomacy and economic interests. This study has a geostrategic and development cooperation implication for the South Asian region. This study is an important policy paper for Bangladesh’s geopolitical and economic interests.