ICS Analysis

Economic Corridor construction has become a new geostrategy for trade facilitation as well as economic expansion. The importance of Economic corridor concept developed mainly with the success of Greater Mekong Subregion (GMS) transport connectivity. The motivation to develop economic corridors has been trade facilitation, energy security, enhancement of communication facilities, and so on. Srivastava (2011) noted that the economic corridors although begin as physical connectivity program but are means to integrate economies by reducing the transportation costs, improving market access as well as other diplomatic interactions within and across the region (De 2014).