Daily News Analysis

Lancang-Mekong Cooperation (LMC)

9th June, 2021 International Relations

GS PAPER II: Important International institutions, agencies and fora - their structure, mandate.

Context: China is hosting foreign ministers from the 10 ASEAN countries with Beijing pushing for closer economic cooperation and aligning COVID-19 recovery efforts even as it looks to push back against the recent regional outreach of the Quad grouping.

  • Deepening economic cooperation, particularly following the signing of the Regional Comprehensive Economic Partnership (RCEP) trade deal, would be China’s focus.

About Lancang-Mekong Cooperation (LMC)

  • It is a multilateral format established in 2016 for cooperation between the riparian states of the Lancang River and Mekong River.
  • The Lancang is the part of the Mekong that flows through China.
  • Cambodia, Laos, Myanmar, Vietnam and Thailand are five downstream countries of the Mekong River.
  • The central purpose of the format is for China to manage water flow from its hydropower dams with the other riparian states.
  • LMC Special Fund was created in 2016 to aid in small and medium-sized projects by the Lancang-Mekong countries.