ANI
13 Jun 2019, 06:25 GMT+10
By By Sahil PandeyYuxi city [China], June 13 (ANI): Bangladesh, China, India and Myanmar (BCIM) on Thursday called for upholding multilateralism and free trade.
"The parties called for upholding multilateralism and free trade and further strengthening regional economic and trade exchanges, promoting investment cooperation and cross border logistics. The parties agreed to support enterprises especially SMEs of four countries to utilise e-commerce and other new models for developing cross border trade," according to the statement.
The joint statement also mentioned that the parties emphasised that efforts should be made to improve the overall competitiveness of the regional economy by building a more efficient and transparent business environment and by creating a more favourable condition to attract foreign direct investment.
The parties asserted that comprehensive connectivity in rail, roads, waterways, aviation, energy and the digital sector will greatly enhance competitiveness. "It is necessary to further deepen cooperation and promote the substantial building of the BCIM economic corridor," the statement added.
This was the 13th meeting of the BCIM regional cooperation forum member countries which happened between 10 to 11 June at Fuxian Lake in Yuxi, China.
2019 marks the 20th anniversary of the establishment of BCIM cooperation mechanism and themed as new era new opportunity for a new decade of the BCIM cooperation.
14th meeting of BMIC is scheduled to take place in India. (ANI)Get a daily dose of Greek Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Greek Herald.
More InformationGENEVA, Switzerland: A new United Nations report alleges that dozens of global corporations are profiting from and helping sustain...
LONDON/STOCKHOLM: The Persson family is ramping up its investment in the H&M fashion empire, fueling renewed speculation about a potential...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
LONDON, U.K.: A little-known investment fund based in the United Arab Emirates has emerged as the most prominent public backer of U.S....
SYDNEY, Australia: Australia will not ease its strict biosecurity rules during trade talks with the United States, Prime Minister Anthony...
Washington DC [US], July 3 (ANI): American tech giant Microsoft will lay off nearly 9,000 employees, about 4 per cent of its workforce...
ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
SAN FRANCISCO, California: Under pressure from European regulators, Apple has revamped its App Store policies in the EU, introducing...
China, EU hold 13th round of high-level strategic dialogue At the 13th round of China-EU High-level Strategic Dialogue Wednesday,...
Port of Spain [Trinidad and Tobago], July 4 (ANI): Ministry of External Affairs Spokesperson Randhir Jaiswal highlighted India's close...
Port of Spain [Trinidad and Tobago], July 4 (ANI): Prime Minister Narendra Modi was welcomed with a traditional performance of Bhojpuri...
Washington is trying to help Ukraine but prioritizing American interests, the US leader has said President Donald Trump has denied...