Several BRI projects have been conducted in Cambodia, but the country still faces majors governance and environment issues.
Societal and Environmental challenges caused by the BRI in Cambodia
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Several BRI projects have been conducted in Cambodia, but the country still faces majors governance and environment issues.
Philippines’ “AmBisyon Natin 2040” and “Build! Build! Build!” can get accelerated in cooperation with China’s Belt and Road Initiative.
Brunei is looking for increasing cooperation with China under the BRI to accelerate its own develoment strategy called Wawasan Brunei 2035.
Singapore does not require external financing to develop its public infrastructure, but is still looking for taking part in the BRI.
In spite of delays, the China Myanmar Economic Corridor (CMEC) has become a core component of Myanmar’s national strategy.
Right after his African tour, in early January, Wang Yi flew to Southeast Asia to strengthen ties between China and four ASEAN countries.
The China-Southeast Asia Economic Corridor is an important component of the BRI and will link Yunnan Province to Singapore.
China and Singapore upgraded their Free trade Agreement. This FTA now mentions the Belt and Road Initiative.
Both countries also agreed to further develop the International Land Sea Trade Corridor (ILSTC) or Chongqing Connectivity Initiative.