WASHINGTON: With the ceasefire deal between Israel and Hamas in the Gaza Strip, the path-breaking IMEC Corridor that stretches from India to Europe through the Middle East could now become a reality, US President Joe Biden has said.
The India-Middle East-Europe Corridor (IMEC) is seen as an alternative to China’s One Belt, One Road Initiative.
Signed by eight countries – India, US, Saudi Arabia, UAE, European Union, France, Germany and Italy – in New Delhi on September 9, 2023, it aims to bolster transportation and communication links between Europe and Asia through rail and shipping networks.