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New BRI deals
January 21 , 2020
1774 days
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- China and Myanmar signed 33 new deals under BRI (Belt and Road Initiative) to implement China-Myanmar Economic Corridor.
- Also, a concession agreement was signed by the countries to implement the deep seaport project called Kyaukphyu Special Economic Zone.
BRI
- The project allows China to have easy of access to Indian Ocean.
- This is because this route bypasses Strait of Malacca through which China imports most of its oil requirements.
- This will aid in China’s plans of String of Pearls.
- Strait of Malacca connects Andaman Sea and South China Sea.
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