BCIM Economic Corridor an Integral Part of BRI for Regional Cooperation: Positioning Indiaâ€™s North-East and Act East Policy
Journal of Asian Security and International Affairs, 2021, vol. 8, issue 2, 249-269
China proactively wants to establish the Bangladesh-China-India-Myanmar Economic Corridor (BCIM-EC) as an integral part of the Belt and Road Initiative for economic cooperation. Through the BCIM-EC, China wants to revive the ancient Southern Silk Road trade route. Beijing realises that to achieve the BCIM-EC, Indiaâ€™s cooperation would be indispensable. India has been hesitant to fully commit to the BCIM-EC owing mainly to the surging trade deficit with China, overlapping of objectives with other similar existing regional cooperation initiatives, Chinaâ€™s dominance in South Asia, security concerns, territorial disputes and trade-related logistic issues. However, in recent times, India has shown more interest in developing the economic corridor considering its potential to promote development, security and stability in the Indian Northeast, which would align well with the geostrategic objectives of Indiaâ€™s Act East Policy (AEP). India however needs to better align its AEP with BCIM-EC in order to promote and strengthen the AEP and thereby concurrently build the BCIM-EC to link Southeast Asia and China.
Keywords: BCIM Economic Corridor; BRI; regional cooperation; geo-economic; Act East Policy; north-eastern region (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:sae:asseca:v:8:y:2021:i:2:p:249-269
Access Statistics for this article
More articles in Journal of Asian Security and International Affairs
Bibliographic data for series maintained by SAGE Publications ().