An inter-governmental mechanism has been established by India, China, Bangladesh and Myanmar to help boost economic cooperation, the Chinese Foreign Ministry said today.
The establishment of the system was the outcome of a two-day meeting of the Bangladesh-China-India-Myanmar (BCIM) Economic Corridor working group, which ended yesterday in Kunming, capital of the southwestern Yunnan Province.
The four countries signed a joint research plan on constructing the corridor, ministry spokesperson Hua Chunying was quoted as saying by state-run Xinhua news agency.
The four countries also discussed priority areas for cooperation and reached consensus on transport infrastructure, investment, trade, logistics and culture, she said.
China raised the proposal of building a BCIM Economic Corridor during Premier Li Keqiang's visit to India in May.
Hua said the proposal is significant for deepening friendly cooperation and connecting East Asia and South Asia.
