Myanmar in regional and subregional initiatives [asean, bbin, bcim, bimstec, saarc] bbin bcim bimstec saarc asean location south china and india . India has has since 2016 focused more on rejuvenating the bimstec in order to promote regional connectivity initiatives, as similar moves within the saarc were blocked by pakistan new delhi is keen to promote connectivity projects in and around its neighbourhood, ostensibly to counter china's bid to spread its geostrategic influence in the . “bimstec is a better alternative than the stunted saarc or china-proposed bcim (bangladesh, china, india, myanmar) corridor because it is more inclusive and seeks to reintegrate this sub-region . India believes that inclusion of china would lead to chinese veto (given all the decisions within saarc need consensus for their approval) on india-led initiatives within saarc however, china’s inclusion as a dialogue partner does not grant it a veto rather this will raise possibilities to bring in chinese economic and political capital to . If saarc fails, there’s bimstec: india warns pakistan if south asian countries found their initiatives blocked under the projects backed by china and referred to the bangladesh-china .
Even though there is an overlap in goals and objectives of a number of regional and sub regional groupings, bimstec remains an important sub set of india’s ‘look east policy’ set in motion in the mid 1990s. Carnegie india hosted a private roundtable discussion on the paper to assess the current state of cooperation in the bay of bengal region and also to gather views, from india and other countries in the region, on strengthening connectivity through bimstec and other initiatives. Bcim (bangladesh, china, india and myanmar) framework is one such initiative which has recently been given a push both by india and china however, there are also other groupings like bay of bengal initiative for multi-sectoral technical and economic cooperation (bimstec) which is one such initiative for sub regional integration.
The significance of the bcim region for india the bcim region entwines 9 percent of the world’s area, 40 percent of the population and 73 percent of the global gdp india is offered a wide market, presently mired in high tariff/non tariff barriers. Bcim at present is neither a ‘top-down’ initiative, as are india’s look east policy per se and other multilateral forums like saarc or bimstec nor a ‘bottom up’ initiative spurred by local interests in the northeast or by people-. New delhi: india sent out a clear message to pakistan+ on monday, warning it that south asian nations would find other ways to cooperate on regional initiatives if it continues to block initiatives under.
The key question now is if india-pakistan bilateral problems have left south asian association for regional cooperation (saarc) in shambles, will similar bilateral problems with bangladesh, china or myanmar not impact on regional forums like the bay of bengal initiative for multi-sectoral technical and economic cooperation (bimstec), bcim . Trade potentiality in bimstec gaining importance the initiative for this eventually joining them to develop a bcim (bangladesh, china, india, myanmar . An india-bimstec retreat will also be held after the brics summit concludes - bimstec: here's why the bay of bengal initiative is a ray of hope in the 2016 goa brics summit. Continue reading bimstec at 20 china-india-myanmar (bcim) to have given bimstec its due importance by inviting its members to participate in a larger .
India’s initiatives have resulted in some important developments, including the setting up of the bimstec energy centre in bengaluru and the bimstec business council, a forum for business organisations to promote regional trade. India’s importance for saarc & bimstec: - in saarc as well as in bimstec, india’s demographic and economic might is a major factor india is a rising economy and can offer large markets for trade, investment, and energy for member states of a shared regional grouping. A moribund bay of bengal initiative for multi-sectoral technical and economic cooperation (bimstec) is likely to come alive with the two asian giants – india and china – coming closer to realise their ambitions through the execution of massive connectivity projects across asia there was enough .
Bimstec holds the prospect of linking bangladesh, bhutan, india, myanmar and nepal, but first we need the tension between kathmandu and new delhi to subside started as the kunming initiative, bcim is an effort to bring china (mostly yunnan) into collaboration with bangladesh, china, india and myanmar. The trilateral maritime security cooperation is a remarkable example of bimstec countries recognising the importance of their maritime strategies, after india’s ministry of external affairs announced in march 2014 that ‘the three countries agreed on a roadmap for cooperation in maritime security’. 'bangladesh relies on bimstec after saarc failure' bcim and bimstec this is where we see our future, rizvi said, giving examples of the state of the regional groupings in the world .
This marked an important step forward to realize the action oriented agenda for bimstec agreed by the leaders at their retreat hosted by prime minister modi in goa in october 2016 india, as the lead country in the areas of counter terrorism and trans-national crime, environment , transport and tourism sectors, offered several important . Although a number of regional groupings like bangladesh-china-india-myanmar (bcim) and bangladesh-bhutan-nepal-india (bbni) partially cover the region, it is the bay of bengal initiative for multi . The aim behind the formation of bimstec was to create an enabling environment for rapid economic development, accelerate social progress in the. However, with bimstec's slow performance on the inconclusive free trade agreement (fta), new delhi seems to attach increasing importance to the development of the bcim corridor and has re-emphasised its readiness for closer economic cooperation with beijing at the sixth india-china strategic dialogue in april 2014.