Several countries of the G20 They presented on Saturday an ambitious plan to develop an infrastructure link between India, the Middle East and Europe that will boost the trade in an area that accounts for almost a third of the world economy.
United States, Saudi Arabia, the European Union, the United Arab Emirates and others They signed an agreement on the project during the G20 summit in New Delhi, as an alternative to Chinese investments in infrastructure.
The plan will include railway, electrical, data projects and a hydrogen pipeline, authorities told AFP.
One of the Planned projects will link Middle East railways and ports, including those in the United Arab Emirates, Saudi Arabia, Jordan and Israelwhich could accelerate the region’s trade with India and Europe by 40%.
”This is something really big,” commented US President Joe Biden at the launch of the initiative, where he described the plan as “historic”. For her part, the president of the European Commission, Ursula von der Leyen, pointed out that The India-Middle East-Europe corridor is “much more than just a railway or a cable.”
”It is a green and digital bridge across continents and civilizations,” he said.
In addition to boosting trade, the agreement will be another step towards the normalization of relations between the Gulf Arab countries and Israel.
The initiative “has enormous potential,” said Jon Finer, White House deputy national security adviser.
He indicated that the announcement of the project comes after “months of careful diplomacy, silent and careful diplomacy, in bilateral and multilateral settings.”
The project is in its initial phases, with studies to determine how to link India’s 1.4 billion people with wealthier markets to the west.
According to details seen by AFP, the India-Middle East-Europe economic corridor It will also develop the infrastructure to allow the production and transportation of “green hydrogen.”
Likewise, it will strengthen telecommunications and data transfer links through an underwater cable.
Source: Gestion
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