•

• Regional Connectivity• & Opportunity for• International• Business • • • Reg

A.N.M. FORRUKH IFTEKHAR

(3-10-18-052)

RUBAETH ISLAM

(3-13-26-084)

MILTON KUMAR

(3-13-25-076) ENAMUL HAQUE RAKIB

(3-13-26-049)

Presenters

With Due Regards to

Professor DR. ALTAF JALILDepartment of Management (EMBA)

University of Dhaka

Introductory RemarksRegional Connectivity & OpportunityBCIM & THE VISION

Projects & Benefits

Limitations & Conclusion

Presentation Outline

A.N.M. FORRUKH IFTEKHAR

(3-10-18-052)

CONNECTIVITY

Worldwide Regional Organizations

SupranationalAsian

Bodies

Bangladesh is located between

two economic Giants-

China and India

RUBAETH ISLAM(3-13-26-084)

• Incensement of trade &business and economic development.

Background of Connectivity

• 1999 in Kunming(China)• Yunnan Academy of Social Sciences, Ministry of Trade, CPD, CPR.• Prof. Rehman Sobhan

Initiatives

• Bangladeshi PM visit to China in 2010• Indian PM visit in China in 2012• Chinese PM visit in India in 2013• first inter-governmental study meeting in Kunming

on 18-19 December 2013.

MILTON KUMAR(3-13-25-076)

BCIM ROUTE

• Kolkata - Jessore - Dhaka - Sylhet -Silchar - Imphal - Ka Lay - Mandalay - Ruili -Tengchong - Erhai Lake - Dali - Kunming

Ancient Silk

Route

BCIM and Proposed Corridor

• The proposed corridor will cover 1.65 million square kilometers of land connectivity.

• Around 440 million people in China’s Yunnan Province, Bangladesh, Myanmar and Bihar in Northern India.

• 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• Development of value and supply chains based on

comparative advantages by translating comparative advantages into competitive advantages, and through closer people to people contact.

• Trade among BCIM countries will be increased by US$ 5.7 billion, US$ 4.1 billion and US$ 2.7 billion under full, moderate and partial tariff liberalization

• Through linking the ASEAN Free Trade Area, ASEAN-China Free Trade Area and the ASEAN-India Free Trade Area, the corridor would constitute as one of the largest free trade areas.

Full liberalization Moderateliberalization

Partial liberalization

100% linear tariff cutfrom existing level

75% linear tariff cutfrom existing level

50% linear tariff cutfrom existing level

ENAMUL HAQUE RAKIB

(3-13-26-049)

Benefits for Bangladesh

• The distance between Kunming and Chittagong is less than 1,000km whereas the distance from Kunming to its nearest seaport Guangzhou is 1,700km

• Major gateway for the land-locked regions of both India and China

• Greater access in China and India(eastern and north-eastern states)

Benefits for Bangladesh

• Access to Southeast Asia• Improvement of transportation

infrastructure• Creation of industrial zones• Bangladesh will gain US$ 700

million, US$ 500 million and US$ 400 million

Limitation of BCIM

• India – China conflict• Bangladesh - surrounded by India• No democracy in Myanmar