PARAANALIZ.COM
“India”, a multinational railway and maritime project that will connect India to the Middle East and Europe, within the framework of the G20 Leaders Summit, which was held for the 18th time this year in New Delhi, India, with the main theme of “One World, One Family, One Future”. -The “Middle East-Europe Economic Corridor” was introduced.
At the said summit, a Memorandum of Understanding was signed between India, the USA, Saudi Arabia, the United Arab Emirates, France, Germany, Italy and the European Union for the establishment of the India-Middle East-Europe Economic Corridor, which will help increase trade, provide energy resources and develop digital connectivity. It was reported that (MoU) was signed.
Accordingly, the India-Middle East-Europe Economic Corridor; It will consist of two separate corridors: the Eastern corridor connecting India to West Asia/Middle East and the Northern corridor connecting West Asia/Middle East to Europe.
The proposed corridor will connect Europe from India to the United Arab Emirates, passing through Saudi Arabia, Jordan and Israel. The aim here is to send the goods loaded from India to Europe faster through the ports of Israel and Greece.
While the corridor in question is expected to position India firmly on the trade flow route from South East Asia to the Gulf, West Asia and Europe, it is also seen as a challenge to China’s economic goals in the region. Because China’s economic plans in the mentioned regions have already been known for years.
(NEWS CENTER)