Dhaka-Beijing meet to explore BCIM prospects

Dhaka-Beijing meet to explore BCIM prospects

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Dhaka and Beijing will discuss prospects for the proposed Bangladesh, China, India, Myanmar (BCIM) Economic Corridor here tomorrow (Sunday) with a view towards expanding trade and investment under the ambit of sub-regional cooperation in the four Eastern South Asian countries. “The Chinese delegation comprising eight officials are already in the city,” a senior official at the Foreign Ministry told UNB over phone wishing not to be named. On the Bangladesh side, he said, officials from the Foreign Ministry, Commerce Ministry, Communications Ministry, Shipping Ministry, Power Energy and Mineral Resources and Economic Relations division (ERD) will be present at the meeting to be held at state guesthouse Meghna. Responding to a question, the official said, “Primarily, we’ll be listening to them and their proposals.” Bangladesh is giving the meeting due importance as two emerging economic powerhouses like China and India are part of it, creating a scope for Bangladesh to benefit from its location right in the middle of the region covered. Construction of a highway from Kunming in China to Kolkata through Myanmar, northeast India and Bangladesh will be highlighted in the meeting as it may turn into a gateway for boosting trade and investment in South and Southeast Asia, officials said. In the past three and half decades, China’s economy has been growing at an average rate of nearly 10 percent, and her GDP and trade volume have reached US$ 8.2 trillion and US$ 3.87 trillion respectively last year. Per capita GDP of Chinese people has gone up at an astonishing rate, from US$ 155 in 1978 to US$ 6100 in 2012. China’s fast development is also contributing to the prosperity of the world. In the year of 2012, China’s contribution to the world GDP growth was 60.9 percent. China now is the biggest trade partner for 128 countries worldwide. – UNB

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