A spokesperson for the United States Department of State, Matthew Miller, stated during a press briefing on Monday that “it was a landmark India-Middle East-Europe Economic Corridor (IMEC) that we believe will usher in a new era of connectivity from Europe to Asia that will stimulate economic growth, economic development across the two continents, as well as cooperation on energy and digital connectivity.”
The two-day meeting of the G20 Leaders, hosted by India, concluded on Sunday. On the eve of the summit in New Delhi, the presidents of the United States, India, Saudi Arabia, the United Arab Emirates, France, Germany, Italy, and the European Union launched the ambitious India-Middle East-Europe Economic Corridor (IMEC).
As an alternative to China’s contentious Belt and Road Initiative (BRI), the new economic corridor is being looked at favourably.
In response to a question, he said that the United States, India, Saudi Arabia, the United Arab Emirates, the European Union, and other G20 partners have signed a memorandum of understanding to investigate the feasibility of a shipping and rail transportation corridor that would facilitate the free exchange of goods, services, energy, and data between India, the Middle East, and Europe.
To begin, it’s true that the G20 is a sizable organisation. Both Russia and China are G20 participants. There is a wide variety of opinions represented in the group. Russia’s invasion of Ukraine is predicated on a violation of the principles of territorial integrity and sovereignty, so it is crucial that the organisation was able to issue a statement calling for respecting these principles.
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