Some official meeting by May 15, to kickstart the project. Mostly about corridor protocols. India, UAE to work on IME Economic Corridor protocols in May: Report – Firstpost
Some basics of corridor, may be a repeat !
- Joint Secretary level meeting scheduled between representatives from trade, shipping, and commerce ministries.
- Project announced during G20 summit as part of the Partnership for Global Infrastructure Investment initiative.
- Aim to establish virtual trade corridors to streamline container movement from Mundra port in India to Fujairah port in UAE, onwards to Europe or America.
- IMEEC links India, UAE, Jordan, Saudi Arabia, and Israel to Europe and the US through trade and exports.
- Full support from the Biden administration to integrate markets of involved countries.
- Framework agreement signed between PM Modi and UAE President to boost bilateral trade currently valued at USD 85 billion.
- Despite Middle-East politics, India and UAE are progressing on IMEEC, bypassing Saudi Arabia’s involvement.
- Containers to be transported via rail from Jordan and Saudi Arabia to Haifa port in Israel, then to European ports like Naples and Marseilles.
- IMEEC to be discussed during US National Security Advisor’s visit to India for iCET meeting.
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