Finer said the India-Middle East-Europe economic corridor will create a novel interconnected corridor to facilitate global trade, expand reliance access to electricity, facilitate clean energy distribution and strengthen telecommunication links.
The negotiations to arrive at the New Delhi declaration which was adopted by G20 leaders were “cumbersome” but it was in line with our discussions, said a European Union official familiar with the negotiations. The official said the EU was “satisfied with the text”
With respect to the India-Middle East-Europe Economic Corridor which has come into being at the G20 Summit in New Delhi on Saturday, US President Joe Biden has said that it is a "game-changing" regional investment.
In a historic development, the New Delhi Declaration was adopted on Saturday by the leaders of the G20 leaders during the Leader’s Summit here in the national capital.
Prime Minister Narendra Modi on Saturday said the India-Middle East-Europe Economic Corridor promises to be a beacon of cooperation, innovation and shared progress.
The corridor will encourage and provide impetus to economic development through enhanced connectivity and economic integration between Asia, West Asia, the Middle East and Europe, as per sources.
European Council President Charles Michel said on Saturday that climate change and the fight against poverty are two challenges that need to be addressed together, and for this, “you can count on the European Union.”
European Commission President Ursula von der Leyen on Saturday called the new economic corridor "historic" and said that these are state-of-the-art connections for the world of tomorrow, faster, shorter and cleaner.
Terming the announcement of a mega India-Middle East-Europe shipping and railway connectivity corridor as " a real big deal" US President Joe Biden expressed that in the next decade, the partner countries will address infrastructure gaps across low-middle-income countries to maximize inve
This is a historic and first-of-its-kind initiative on cooperation on connectivity and infrastructure involving India, UAE, Saudi Arabia, EU, France, Italy, Germany and the US.