India’s External Affairs Minister S Jaishankar Highlights Growing Ties with Mediterranean Economies
External Affairs Minister S Jaishankar emphasized India’s potential as a reliable partner for Mediterranean economies, highlighting a trade level of USD 77.89 billion last year. Speaking at the CII India Mediterranean Business Conclave 2024, he discussed the India-Middle-East Europe Economic Corridor and India’s renewable energy initiatives.
Jaishankar also mentioned India’s growing economy and the potential for a digital corridor with the Mediterranean region, while addressing concerns about disruptions in shipping routes due to the conflict in West Asia.
Doubts Revealed
External Affairs Minister -: The External Affairs Minister is a person in the Indian government who handles relationships with other countries. Right now, this person is S Jaishankar.
Mediterranean economies -: Mediterranean economies are the countries around the Mediterranean Sea, like Italy, Greece, and Egypt. They trade and do business with other countries, including India.
USD 77.89 billion -: USD 77.89 billion is a lot of money! It means that India and the Mediterranean countries traded goods and services worth that much last year.
CII India Mediterranean Business Conclave 2024 -: This is a big meeting where business leaders from India and Mediterranean countries come together to talk about trade and business opportunities.
India-Middle-East Europe Economic Corridor -: This is a planned route for trading goods between India, the Middle East, and Europe. It will help make trade faster and easier.
renewable energy initiatives -: Renewable energy initiatives are projects to use energy sources that don’t run out, like solar and wind power. India is working on these to help the environment.
digital corridor -: A digital corridor is a way to connect countries using technology, like the internet. It helps businesses and people communicate and trade more easily.
conflict in West Asia -: West Asia is another name for the Middle East. Sometimes, there are fights and problems there that can affect things like shipping routes, which are paths ships take to deliver goods.
