BCIM is a sub-regional organisation of Asian nations aimed at greater integration of trade and investment between the four countries. The multi-modal corridor will be the first expressway between India and China and will pass through Myanmar and Bangladesh.
The advantages are envisaged to accrue from greater market access for goods, services and energy, elimination of non-tariff barriers, better trade facilitation, investment in infrastructure development, joint exploration and development of mineral, water, and other natural resources. BCIM covers China’s Yunnan province, Bangladesh, Myanmar, and West Bengal in Eastern India through the combination of road, rail, water and air linkages in the region. The Kunming initiative developed into the current form of BCIM Forum.
