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Trump backs India-Middle East-Europe economic corridor
The Hindu BusinessLine··3d ago
US President Donald Trump said his administration strongly supports the India-Middle East-Europe Economic Corridor. He spoke at a Gulf Cooperation Council meeting on the UN sidelines on Tuesday. Trump said shipping attacks showed a need to move Middle East energy infrastructure away from Iranian checkpoints. The corridor was unveiled on September 9, 2023, at the New Delhi G20 Summit.
Prism
What It Means For You
- Trump framed IMEEC as a route for oil and other energy flows outside Iranian checkpoints.
- Gulf partners at the meeting were described as among America's closest allies and partners.
- Pipeline and other export paths were named as forms the corridor could take.
What's Happening
- Trump addressed a multilateral meeting with GCC leaders in New York on Tuesday.
- He said the US was on the verge of overcoming long-running regional challenges with partners.
- TOI noted IMEC links India to the Gulf and the Gulf onward to Europe by rail and sea.
What IMEC Is
- The India-Middle East-Europe Economic Corridor is a multi-modal connectivity plan from 2023.
- It aims to boost trade and infrastructure across South Asia, the Middle East and Europe.
- BusinessLine used the IMEEC spelling while TOI used IMEC for the same project.
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