Business
US official says Middle East still holds up IMEC
The Hindu BusinessLine··8h ago
A senior US State Department official told ANI that IMEC remains a priority for Washington and New Delhi. Both sides are ready to advance the India-Middle East-Europe Economic Corridor, but progress is held in the Middle East. Gaza fighting and the US-Iran confrontation were cited as pauses. IMEC was launched in September 2023 at the G20 Summit in New Delhi.
Prism
What It Means For You
- Officials say route-mapping on shipping and trucking legs is already underway.
- Saudi Arabia, Jordan, the UAE and Israel still need to settle their roles.
- Trump this week again endorsed IMEC at a UN gathering with Gulf leaders.
What's Happening
- The official said IMEC is a huge priority of the United States and of India.
- West Asia instability was described as the main challenge on the route.
- Preparatory work is continuing out of public view, the report said.
What IMEC is meant to link
- Founding signatories in 2023 included India, the United States, Saudi Arabia, the UAE and the European Union.
- An eastern leg would link India to the Gulf; a northern leg would link the Gulf to Europe.
- The plan envisages ports and rail links via hubs such as Fujairah and Haifa.
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