Will the Middle East transform into a strategic node in global trade?
India, July 5 -- Since the announcement of the India-Middle East-Europe Economic Corridor (IMEC) on the sidelines of the G20 Summit in New Delhi on 9 September 2023, the discussion has no longer been limited to a new logistics connectivity project. It has expanded into a broader vision for redrawing the lines of trade, investment, energy, and data flows between Asia, the Middle East, and Europe. The Memorandum of Understanding signed by India, the United States, the European Union, Saudi Arabia, the United Arab Emirates, France, Germany, and Italy stated clearly that the project consists of an eastern corridor linking India to the Gulf region and a northern corridor linking the Gulf region to Europe. It also made clear that the initiative...
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