does not seem to be reaching the implementation phase in the near future. There is fragile security situation in northeastern states of India, the Rohingya crisis and security in Rakhine State of Myanmar resulting in trust deficit between Bangladesh and Myanmar. The two major countries, India and China have different agendas, purposes, and viewpoints that continue to hold back progress on the BCIM initiative. Indian External Affairs Ministry Additional Secretary A. Gitesh Sarma pushed for caution on BCIM in the recent JSG meeting: “We should be mindful of different domestic circumstances and developmental aspirations in our respective countries. While we focus on expanding trade volumes, equal attention should also be paid to its sustainability. Greater access to each other’s markets is desirable to achieve more viable and sustainable trade cooperation in our region.”
India fears that the BCIM would simply facilitate Chinese imports of natural resources and exports of processed goods to the region, ignoring its massive trade deficit with China. On the other hand, China reportedly wants immediate action and commitment to the initiative. It is also advocated in India that for the BCIM corridor project to be successful, China must stop river diversion and dam-building projects as it impacting relations among the member states. Differences in perceptions and approaches to the BCIM project continue to hinder the project, which may remain on the table.
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