CHINA’S SOUTHERN SILK ROUTE PLAN SHOWS THE WAY AHEAD


CHINA’S SOUTHERN SILK ROUTE PLAN SHOWS THE WAY AHEAD 

Tribune Editorial

The link would provide a strong fillip to trade and help the country attract the new investment it needs to advance on the government’s target of securing 7% GDP growth

We welcome the Chinese proposal to establish a high speed railway link between Kunming and Kolkata via Chittagong and Dhaka.

The high speed route supported by the Yunnan provincial government has huge potential to boost trade among all the nations of the Bangladesh-China-India-Myanmar (BCIM) corridor.

By connecting Yunan with Chittagong, which lies 700km closer to the major Southern Chinese city than the nearest Chinese port, the 2,800 km rail route would be a game-changer in connecting the South West of China with the economies of South Asia and South East Asia.

Bangladesh should respond pro-actively to this proposal which is underpinned by the large pledges China has made to commit $40bn to develop Silk Route proposals and invest $50bn in the AIIB.

The link would provide a strong fillip to trade and help the country attract the new investment it needs to advance on the government’s target of securing 7% GDP growth.

As Bangladesh lies at the crossroads of South and South-East Asia, and has a large growing market of its own, it has much to gain by developing this new economic corridor.

For Bangladesh to take advantage of the opportunities offered by the proposal, the government needs a long term vision to boost investment in infrastructure.

We should be pressing ahead with improving connectivity within our own borders by investing in faster railways and roads and pursuing plans to build a new deep sea port to help drive growth.

China’s plans to boost connectivity and its offer to invest in a new railway link between Dhaka and Chittagong, can all help to support a better vision for Bangladesh. We cannot afford to miss out on the mutual gains that such infrastructure investment can bring.

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JUNE 26, 2015

DHAKATRIBUNE

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About Ehsan Abdullah

An aware citizen..
This entry was posted in ACHIEVEMENTS - SUCCESS, CHALLENGES, CURRENT ISSUES, ECONOMY, FOREIGN RELATIONS & POLICY, REGIONAL COOPERATION, Regional Policy, STRATEGY & POLICY, TRADE BODIES and tagged , , , , . Bookmark the permalink.

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