Brief by Shorts91 Newsdesk / 09:03am on 09 Sep 2023,Saturday G20 2023
At the G20 summit on Saturday, President Biden, PM Modi, and European Commission President Ursula von der Leyen will announce the initiative for a transcontinental rail and shipping corridor connecting India with Europe via the Middle East. A potential game-changer for global trade, the project involving the US, India, Saudi Arabia, UAE, EU, and other G20 nations aims to boost prosperity through energy and digital flows. It counters China's infrastructure reach, addressing developing nations' growth constraints. The historic India-Middle East-Europe economic corridor is deemed to make India-Europe trade 40% faster. [Photo: PMO India]
