Читать книгу Economic corridors in Asia : paradigm of integration? A reflection for Latin America - Varios autores - Страница 38

As previously discussed, India, for its part in order to give the necessary momentum to the sub regional economic integration and also promote its integration into the regional value chain, promoted MIEC. This economic corridor is meant to promote industrialization in parts of Southern Asia and also better integrate India into this growing region. Capitalizing on the existing infrastructure networks, the US has been working on the concept of the Indo-Pacific economic corridor which is still in the planning stages. ‘The IPEC vision includes physical infrastructure, energy, trade integration, and increased people-to-people ties. This activity will focus solely on economic integration through trade, investment, and private sector engagement. Through a coordinated analysis with other U.S. government departments – such as the Department of State, U.S. Agency for International Development (USAID), the Office of the United States Trade Representative (USTR), and the Department of Commerce’ (USAID, 2018). ‘It aims to support the United States’ vision of an Indo-Pacific Economic Corridor that bridges South and Southeast Asia to promote regional stability and economic prosperity. This particular study focuses exclusively on trade integration and considers various ways that the U.S. government can play a more influential role in fostering regional trade integration in South and Southeast Asia’ (USAID, 2018). The IPEC would act as a bridge between the two economies as it intends to bring south Asia and Southeast Asia closer. The transport corridors across the sub-region would help in the easy flow of labor and commodities, even though the structural constraints remain.