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EFSAS comments on the New Delhi G20 Summit achieving a joint Declaration


Among the important agreements reached at the Summit, a Memorandum of Understanding (MoU) was signed by the governments of India, the US, Saudi Arabia, the EU, the United Arab Emirates (UAE), France, Germany, and Italy to establish the India – Middle East – Europe Economic Corridor (IMEC). US President Joe Biden described this agreement as a “real big deal”. IMEC is envisioned as a network of transportation routes encompassing railways and sea lanes, and its primary objective is to promote economic development by fostering integration between Asia, the Arabian Gulf, and Europe.