India-Europe: new trade corridor in resp • Table.Briefings

A new trade route through the Emirates, Saudi Arabia and Israel aims to simplify the transportation of goods and renewable energy from India to Europe. The participating countries intend to counterbalance China’s growing influence in the region. The USA and the EU also plan to invest in infrastructure in Africa.

Although it is currently only a memorandum of understanding, it holds geopolitical significance. EU participants at the G20 summit in New Delhi have agreed with the USA, India, Saudi Arabia and the United Arab Emirates to initiate a new transportation corridor between India and Europe. This corridor is expected to accelerate the transportation of goods by several days and include new infrastructure for electricity, hydrogen and data.

India-Europe: new trade corridor in response to China

Sign up now and continue reading immediately