An inter-governmental arrangement has been set up among China, Bangladesh, India and Myanmar to help boost economic cooperation, the Chinese foreign ministry said Friday.
According to Chinese foreign ministry spokeswoman Hua Chunying, the arrangement was the outcome of a two-day meeting of the Bangladesh-China-India-Myanmar (BCIM) Economic Corridor working group, which ended Thursday in Kunming, capital of China's Yunnan province, Xinhua reported.
The four parties also signed a joint research plan on the construction of the corridor, said Hua.
She said the four sides discussed priority areas relating to cooperation, and that they reached consensus on transport infrastructure, investment, trade, logistics, and culture.
China raised the proposal of building the BCIM Economic Corridor during Premier Li Keqiang's visit to India in May. Hua said the proposal was significant in deepening friendly cooperation and connecting East Asia and South Asia.