Belt & Road Initiative in Myanmar: Staring down the Dragon

ဖော်ပြချက်/အကြောင်းအရာ: 

"The Second Belt & Road Forum for International Cooperation in April was followed by Myanmar and China inking three bilateral agreements: an agreement on economic and technical cooperation, an MoU on a five year economic and trade development cooperation plan, and an MoU on the China-Myanmar Economic Corridor (CMEC) Plan spanning 2019 to 2030. However, caution has gradually emerged over the BRI, as shown by Myanmar’s recent approval of only nine of China’s 38 proposed “early harvest” projects. State Counsellor Daw Aung San Suu Kyi’s comment at the forum that projects need to “not only be economically feasible but also socially and environmentally responsible” and be fully supported by local communities, is an example of Myanmar’s growing wariness in dealing with China. Significantly, the MoU for the CMEC included provisions to allow Myanmar to seek financing from international financial institutions when implementing projects, invite international tenders for investment, and choose projects to maximise mutual benefit..."

ရင်းမြစ်: 

"Belt & Road News" via Current Correspondent East Asia

Date of Publication: 

2019-08-03

Date of entry: 

2019-08-29

Grouping: 

  • Individual Documents

အကြောင်းအရာ/အမျိုးအစား: 

Countries: 

Myanmar, China

Language: 

English

Resource Type: 

text

Text quality: 

    • Good