Bangladesh's decision has had a big impact on India's layout with China. At the last minute of the negotiations, India opted to withdraw from the regional comprehensiveEconomyPartnership agreements (PLA)rcep), out of concern about China's influence. Now, however, Bangladesh and Sri Lanka are interested in joiningrcep, which forced India to reassess its relations with Bangladesh. India is worried about the impact of Chinese goods, as China's imports are increasing year by year, while imports with India are decreasing. In addition, India arguesrcepIt is China-led, exitrcepAfter that, they do not want any South Asian countries to join in order to maintain their hegemony in South Asia. However, for Bangladesh, joinedrcepAble to bring more markets andForeign direct investment, especially in the field of textiles and clothing. In this way, Chinese goods can enter India through Bangladesh, circumventing the principle of origin. Sri Lanka is also interested in joiningrcep, thinksChina, Japan, South Koreaand other country pairsEconomyAttractive. Bangladesh and Sri Lanka are moving closer to China, also due to China's long-term presence in South AsiaThe Belt and Road Initiative"Initiatives and infrastructure projects to help Bangladesh and Sri Lanka promoteEconomyDevelopment and graduation from LDC status.
In order to keep Chinese goods out, India has resorted to a variety of methods. Recently, India** launched 9 projects against Chinese products in just 10 daysAnti-dumpingSurvey, mainly for:Chemicals, steel, machinery and other products. However, Bangladesh's decision has caused a serious setback to these efforts. Compared to India, Bangladesh is more active in expanding its foreign exports**, so India's imports are decreasing year by year, while imports from China are increasing. India's move may be motivated by concerns about Chinese goods and the serious impact of tariff cuts on its own industry. India, however, both withdrewrcepand does not want South Asian countries to join, and this short-sighted approach may weaken its leadership in the region.
China's long-term presence in South Asia has supported the decisions of Bangladesh and Sri Lanka. Passed".The Belt and Road Initiative"Initiatives and infrastructure construction projects, China and Bangladesh have cooperated in the construction of a number of projects such as the Payala coal-fired power station, helping Bangladesh to achieve national electrification andEconomyDevelop. In addition to power construction, Bangladesh has several important projects nearing completion, including the railway line of the Padma Bridge, a single point mooring facility, an underground tunnel of the Kanapuri River and a sewage treatment plant in Dasher Gandhi. The completion of these projects will further contribute to Bangladesh's developmentEconomyand gradually de-escalate them from the list of least developed countries. At the same time, China and Sri Lanka also have good cooperation, promoting Sri Lanka's development through infrastructure construction and other projectsEconomyDevelop. The proximity of South Asian countries to China shows that China's influence and cooperation achievements in the South Asian region have been recognized.
China's rapid development has made it globalEconomyand an important pole of political power, which is both an opportunity and a challenge for India. If India wants to expand its influence on the international stage, it must develop a long-term development strategy. This strategy should not only be focused onEconomyGrowth and domestic policy also need to cover the long-term layout of foreign relations. In the face of China, which surpasses its own strength, India should develop more calmlyEconomy, to dispel doubts and anxieties about China. India can learn from China's cooperation in South Asia and develop together with its neighbors to promote the regionEconomyIntegration. At the same time, India should also change its hostile attitude towards Chinese goods and jointly promote bilateral development through cooperation and competition. Only by maintaining good relations with China and South Asian countries can India play a greater role in the international arena.
India has taken a variety of measures to intercept Chinese goods, but Bangladesh's decision has directly tore India's layout. The accession of Bangladesh and Sri Lanka will increase the access of Chinese goods to India and bring more markets to these countriesInvestmentsOpportunity. China's long-term layout andInvestmentsThe project has made Bangladesh and Sri Lanka more inclined to cooperate with China. The opportunities and challenges facing India require a long-term development strategy and maintain good relations with China and South Asian countries in order to play a greater role in the international arena.