Abstract

Investment seeking Bangladesh's economy is hungry for local and international finance for its infrastructure development. One Belt-One Road (OBOR) seems opened a golden door, not only for Bangladesh's economic reform but also created an opportunity for higher bilateral cooperation between China and Bangladesh. The geographical location of Bangladesh is playing a vital role despite being a small economy and territory in the region. Covering three sides of the Bangladeshi border, economically emerging state India has a sharp eye look on Bangladesh's strategies and policies more than any other time. The hostile looks of India (on China's OBOR initiative) are not an easy task for Bangladesh regarding Geopolitical & Economic strategies. Growing interests in Bangladesh among China and India appeared as a two-edged sword. However, India was the major trading partner of Bangladesh. However, China's trade with Bangladesh has increased manifold in recent years to surpass India from 2004 onwards. This is slowing down, and the change of economic relations between India and Bangladesh, coupled with strained and uncertain political relations, raises multiple concerns. Many dynamics have contributed to China's growing presence in Bangladesh compared to India's decline concerning trade and investment. India has lost out to China in many vital industries. While reviewing and assessing recent developments, the study also depicts a strategy to counter India's declining economic influence in Bangladesh.

Highlights

  • Bangladesh-China export trading period 2010 to 2015 brightly enquired into in this study, and the results show that two areas have gained from this business friendship in various ways (Sikder & Dou, 2020)

  • Bangladesh is connected with the BRI initiative through the BangladeshChina-India-Myanmar corridor (BCIM) economic corridor, formally endorsed during the first intergovernmental study group meeting held in December 2013 in Kunming

  • Among the Six routes of One Belt-One Road (OBOR), Bangladesh is integrally connected to the initiative through Bangladesh- China-India- Myanmar (BCIM) corridor

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Summary

Introduction

Bangladesh-China export trading period 2010 to 2015 brightly enquired into in this study, and the results show that two areas have gained from this business friendship in various ways (Sikder & Dou, 2020). Researchers suggested to take a measure of GDP growth rate up to double-digit requires solid economic strategies. To counter these pitfalls and difficulties, the Bangladesh government is highly seeking foreign and local investors. Joining to the One Belt One Road initiative is a timely decision and all of the major political party has welcomed this decision (Bangladesh Enterprise Institute, 2017). This initiative, especially the BangladeshChina-India-Myanmar corridor (BCIM), has created many opportunities, including FDI, transit fees, infrastructure development, the flow of Chinese direct investment, and economic diversification. The econometric estimation strategy and getting the maximum out of the initiative are outlined in Section 5, while Section 6 concludes

OBOR and Bangladesh
Opportunities to Grab
Challenges Regarding OBOR
Overcome the Challenges and One Step Further
Conclusions
Findings
Building the
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