The India-Middle East-Europe Economic Corridor (IMEC) is a planned economic corridor that aims to bolster economic development by fostering connectivity and economic integration between Asia, the Persian Gulf and Europe.[1][2] The corridor is proposed from India to Europe through the United Arab Emirates, Saudi Arabia, Jordan, Israel and Greece.[3]
Background and timeline
On 10 September 2023 the Memorandum of Understanding (MoU) was unveiled during the 2023 G20 New Delhi summit by the governments of India, the United States, the United Arab Emirates, Saudi Arabia, France, Germany, Italy, and the EU.[4][5][6]
Reactions
Turkish president Recep Tayyip Erdogan has criticized the project for bypassing Turkey, and is instead backing the "Iraq Development Road Project", which would connect the Persian Gulf with Europe through Iraq and Turkey.[7]
References
- ↑ World leaders launch India-Middle East-Europe Economic Corridor seen as counter to China’s BRI. Financialexpress. Retrieved 2023-09-10.
- ↑ New economic corridor to connect Asia, Europe & US. The New Indian Express. Retrieved 2023-09-10.
- ↑ A corridor of immense promise, Singh, Ram. BusinessLine. Retrieved 2023-09-16.
- ↑ G20: EU and US back trade corridor linking Europe, Middle East and India. The Guardian. Retrieved 2023-09-10.
- ↑ 7 countries, EU sign memorandum of understanding for trade corridor linking Europe, Middle East and India. www.aa.com.tr. Retrieved 2023-09-10.
- ↑ ‘Game-changer’: India-Middle East economic corridor unveiled at G20. www.aljazeera.com. Retrieved 2023-09-10.
- ↑ Turkey's Erdogan opposes India-Middle East transport project. Retrieved 17 September 2023.