Notes / Asia Pacific
3 June 2024
The India – Middle East – Europe Corridor, a Stillborn Project?
In September 2023, on the sidelines of the G20 summit in New Delhi, several participants whose combined economies account for almost half the world’s GDP announced the signing of a Memorandum of Understanding paving the way for a multimodal corridor linking India to Europe via the Middle East, a distance of almost 4,800 kilometres. This is the most ambitious project of its kind since China announced its “New Silk Roads” programme in 2013, also known technically as the Belt and Road Initiative (BRI), described by President Xi Jinping as the “project of the century”. As a result of the G20 meeting under the Indian Presidency, a new acronym has appeared on the global geo-economic scene: India-Middle East-Europe Corridor (IMEC)…