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This editorial is based on the news “Bypassing the Suez” which was published in the Financial Express. India and the United Arab Emirates (UAE) formalised a bilateral inter-governmental agreement for implementing the IMEC Corridor (India Middle East Europe economic corridor) during the Indian Prime Minister’s recent visit to the UAE.
Relevance for Prelims: IMEC Corridor (India Middle East Europe economic corridor), India UAE Relations, China’s Belt And Road Initiative, Red Sea Crisis, and Ben Gurion Canal Project.
Relevancy for Mains: Bilateral, regional global groupings and agreements involving India or affecting India’s interests. |
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IMEC Corridor Map
Global trade heavily relies on key shipping routes like the Malacca Strait, Strait of Hormuz, Panama Canal, and Suez Canal.
The IMEC Corridor’s eventual acceptability will depend upon the abilities of its members to assure its users about safe passage.
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