In spite of delays, the China Myanmar Economic Corridor (CMEC) has become a core component of Myanmar’s national strategy.
Right after his African tour, in early January, Wang Yi flew to Southeast Asia to strengthen ties between China and four ASEAN countries.
Yangon New City project will be opened to foreign companies. This means that more European companies will be invited to work on BRI projects in Myanmar.
Following Xi Jinping’s visit to Myanmar, the China Myanmar Economic Corridor is getting more attention from Chinese and foreign investors.
China and Myanmar continue negotiating on the construction of Kyaukpyu Port in Rakhine State. Kyaukpyu is expected to become a major economic center on the Bay of Bengal through the construction of a deep-water port and the opening of a special economic zone.
In October 2017, Shahidul Haque, Bangladesh’s foreign secretary reaffirmed his country’s desire to join the Belt and Road initiative, at the World Economic Forum in New Delhi. Shahidul Haque stated that his country needed to be better connected to the
According to an article published in the Asia Times, Myanmar is to facilitate foreign investments, particularly those related to the Belt and Road initiative. The country has already started to open its economy since 2016, and a law allowing the