1,400 km highway and other transport ties are
major part of 'act east'policy, Indian ambassador says; world war ll
bridges being repaired.
INDIA, Thailand and Myanmar are
negotiating a breakthrough 1,400-kilometre highway that will link India
with Southeast Asia by land for the first time in decades.
In an interview with The Nation, Indian Ambassador Bhagwant Singh
Bishnoi said 73 bridges in Myanmar built during World War II more than
seven decades ago are being renovated with funding from the Indian
government to allow vehicles to cross the highway safely.
When the repair work is completed in 18 months, the highway could be opened to traffic from all three countries.
The planned highway, which starts in the eastern region of India from
Moreh city to Myanmar's Tamu city, has received a positive response from
Myanmar's new government following the recent general election.
At this stage, negotiations are underway to conclude a tri-nation motor
vehicle agreement for the use of the 1,400km road that will reach
Thailand at Tak's Mae Sot district.
This will lead to land transport connectivity between South Asia and
Southeast Asia and increased trade and investment among all partner
countries with cargo transportation being the first priority.
However, there are still some security challenges for a section inside
Myanmar, which will have to be resolved with the authorities.
The tri-nation highway exemplifies India's "Act East" policy, under
which the Asian giant aims to boost its economic and other relations
neighbouring countries in the East.
Myanmar's Dawei deep-sea port and industrial estate project near the
Thai border is also expected to help further integrate eastern India
with Asean.
The planned port can be linked up with India's Chennai port as well as
Thailand's Laem Chabang Port on the other side of the ocean.
Under the "Act East" policy, India is also preparing to negotiate a
Regional Comprehensive Economic Partnership (RCEP) which includes the
10-country
Asean grouping on top of the current India-Asean free-trade agreement (FTA).
Some
Asean countries such as Vietnam, Singapore and Malaysia have become members of the US-led Trans-Pacific Partnership (TPP) FTA, so
Asean is upgrading its FTAs with major trading partners such as India and China to formulate RCEP agreements, which are more advanced.
India views
Asean as
a central component of its "Act East" policy. Myanmar shares a border
with India, while Thailand is a maritime neighbour with long-standing
cultural and other ties, so both nations are India's gateway to Asean.
Thai-Indian trade amounted to US$8 billion (Bt285.5 billion) last year,
while 1 million Indian tourists visited Thailand last year. There were
also about 300 Indian weddings held here.
Among major Thai investors in India are CP Group, Delta Electronics,
Ital-Thai and Pruksa Real Estate, while the major Indian firms operating
in Thailand are Tata Group, Aditya Birla and Indorama.
India continues to rack up high economic growth of 7 per cent per year amid the global slowdown, he added.
India’s recent pact with Bhutan, Bangladesh and Nepal to facilitate free vehicular movement coupled with the India-Myanmar-Thailand trilateral highway could potentially increase intraregional trade by almost 60% as well as extract maximum strategic mileage.
A strategic pact signed by India to facilitate free vehicular movement with Bhutan, Bangladesh and Nepal; alongside a proposal to step-up work on operationalising a 3200-km road link from Moreh (India) to Mae Sot (Thailand), are two vital components of the NDA government’s reinforced ‘Act East’ policy.
India’s
recent pact with Bhutan, Bangladesh and Nepal to facilitate free
vehicular movement coupled with the India-Myanmar-Thailand trilateral
highway could potentially increase intraregional trade by almost 60% as
well as extract maximum strategic mileage.
A strategic pact signed by India to facilitate free vehicular
movement with Bhutan, Bangladesh and Nepal; alongside a proposal to
step-up work on operationalising a 3200-km road link from Moreh (India)
to Mae Sot (Thailand), are two vital components of the NDA government’s
reinforced ‘Act East’ policy.
- See more at:
http://indianexpress.com/article/india/india-others/sub-regional-road-connectivity-pacts-from-looking-east-to-linking-east/#sthash.E0idX9lr.dpuf
India’s
recent pact with Bhutan, Bangladesh and Nepal to facilitate free
vehicular movement coupled with the India-Myanmar-Thailand trilateral
highway could potentially increase intraregional trade by almost 60% as
well as extract maximum strategic mileage.
A strategic pact signed by India to facilitate free vehicular
movement with Bhutan, Bangladesh and Nepal; alongside a proposal to
step-up work on operationalising a 3200-km road link from Moreh (India)
to Mae Sot (Thailand), are two vital components of the NDA government’s
reinforced ‘Act East’ policy.
- See more at:
http://indianexpress.com/article/india/india-others/sub-regional-road-connectivity-pacts-from-looking-east-to-linking-east/#sthash.E0idX9lr.dpuf
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