A new corridor

Geopolitics and next-generation trade explain the case for IMEC

One of the most noticeable headlines emerging from the recent summit of the G20 nations in New Delhi was the signing of a memorandum of understanding (MoU) on an India-Middle East-Europe Economic Corridor (IMEC). This MoU was signed by Saudi Arabia, the European Union, India, the United Arab Emirates (UAE), France, Italy, Germany, and the United States. The IMEC will consist of two linked corridors along which the infrastructure will be upgraded. One, a sea route will link India’s west coast with the Gulf states; and another, consisting of both rail and sea, will connect the Persian Gulf with the