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This paper seeks to address three interrelated conceptual-cum-pragmatic issues from the standpoint of the Bangladesh–China–India–Myanmar (BCIM) initiative. The first is the relationship between Track II and Track I levels of engagement, in this case between the Track II BCIM Regional Cooperation Forum and the projected BCIM Economic Corridor (BCIM-EC) project. The second issue concerns the specific nature and potentialities of sub-regional groupings, in relation to regional, mega-regional and other types of multi-lateral cooperation formats.The third issue is the more recent dilemma raised by China’s One Belt One Road (OBOR) or Belt and Road Initiative (BRI) for comprehensive Eurasian connectivity, regarding which the Government of India has expressed strong reservations.
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