The BCIM Corridor: UPSC Daily Important Topic | 20 July 2022

The BCIM Corridor

✓One of the key policy initiatives among national governments in Asia in recent years is directed towards developing sub-regional, regional and trans-regional corridors with the aim to further connect and integrate their economies.

 ✓One such corridor is the proposed Bangladesh, China, India and Myanmar-Economic Corridor (BCIM-EC) involving four nations and has generated much interests as well as concerns.

 ✓Conceived as a sub-regional economic cooperation, BCIM initiative was launched in 1999 in Kunming, the capital of Chinese Yunnan province.

 ✓Two prominent objectives had driven the BCIM- one is economic integration of the sub-region that would also enable integration of Asia and the other is development of the border regions. The BCIM priority agenda has evolved over time. From the 3-T’s of Trade,Transport, and Tourism, the BCIM priority agenda has moved to TTE (Trade, Transport, and Energy).