Future of India-Middle East–Europe Economic Corridor

Historical Background

• Abraham Accords in 2023 boosted peace in West Asia.

• Proposals for regional peace railway lines were made.

• India’s relations with Arab countries, especially UAE and Saudi Arabia, were on an upward trajectory.

• IMEC was launched on the sidelines of the G-20 Summit in Delhi.

Challenges and Opportunities

• IMEC is a multi-member initiative, offering space for innovative approaches.

• Climate change opens new transport routes through the Arctic, benefiting countries like the U.S., Russia, China, and northern European nations.

• Port cities near the Arctic will emerge as new commercial centers.

• France and Italy, among IMEC’s European signatories, have both Mediterranean and Atlantic coasts.

Importance of the IMEC

• Recent geopolitical developments have demonstrated the unpredictable security of sea lanes.

• IMEC provides space for innovative approaches to adapt to changing geopolitical dynamics.

• Robust economic interactions between India and Arab countries will nullify Pakistan’s attempt to build an alliance-like relationship in the region.

India Europe Trade Route is important topic for Civil service exam (WBCS).

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