An economic corridor, also known as trade corridor, is a concept in economic and infrastructure development that refers to a geographically defined area or route where a range of economic activities, investments, and trade-related infrastructure are concentrated.
Economic corridor is typically established to promote economic growth, enhance regional connectivity, and stimulate trade and investment within a specific region or between different regions or countries. One of the key features of an economic corridor is the development of transportation and logistics infrastructure.
This can include the construction or improvement of roads, railways, bridges, ports, and airports to facilitate the movement of goods and people facilitating cross-border trade and cooperation. Economic corridors often feature the development of industrial and commercial zones along the corridor, encouraging businesses to set up operations, manufacturing facilities, and logistics centers.
This can lead to increased production and trade. This can involve the simplification of import and export processes and the establishment of special economic zones or customs checkpoints. Examples of well-known economic corridors include the China-Pakistan Economic Corridor (CPEC), Bangladesh-China-India-Myanmar Economic Corridor (BCIM) and the East-West Economic Corridor in Southeast Asia.
আরো পড়ুন : Hundi
The concept of economic corridors is a strategy used by governments and regional organizations to boost economic growth, improve infrastructure, and enhance cross-border trade and cooperation.
.jpg)
