EAM Jaishankar calls IMEC "Atlantic to Pacific endeavour," says initial steps commenced
India-Middle East-Europe Economic Corridor: A Key Initiative
External Affairs Minister S Jaishankar emphasized the significance of the India-Middle East-Europe Economic Corridor (IMEC) during the IIC-Bruegel Annual Seminar in Delhi. This project, announced at the 2023 G20 Summit, aims to enhance connectivity and economic collaboration between India, the Middle East, and Europe. However, progress has been hindered by recent Middle East conflicts.
India's Connectivity Goals
Jaishankar highlighted India's efforts to establish land connectivity with Southeast Asia, describing it as an "Atlantic to Pacific endeavour." He also advocated for advancing the Free Trade Agreement (FTA) with the European Union, noting the EU as India's largest economic partner.
Strengthening India-EU Relations
The minister stressed the importance of a strong India-EU relationship amid global volatility. He noted increased engagement with the European Commission and the potential for deeper cooperation in defense, security, and technology.
Jaishankar shared his thoughts on X, expressing confidence in the seminar's discussions as a platform for fostering this convergence.
Doubts Revealed
S Jaishankar
S Jaishankar is India's External Affairs Minister. He is responsible for managing India's relationships with other countries.
India-Middle East-Europe Economic Corridor
This is a plan to improve trade and travel between India, the Middle East, and Europe. It aims to make it easier for goods and people to move between these regions.
IIC-Bruegel Annual Seminar
This is a meeting held in Delhi where experts discuss important global issues. IIC stands for India International Centre, and Bruegel is a European think tank.
G20 Summit
The G20 Summit is a meeting of leaders from 20 major economies, including India. They discuss global economic issues and cooperation.
Middle East conflicts
These are ongoing disagreements and fights in the Middle East region. They can make it difficult to build new projects like the economic corridor.
Free Trade Agreement
This is a deal between countries to reduce taxes and barriers on goods traded between them. It helps make trade easier and cheaper.
EU
EU stands for the European Union, a group of 27 countries in Europe that work together on economic and political issues.
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