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India-Middle East-Europe Economic Corridor

21st May, 2024

India-Middle East-Europe Economic Corridor

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Context:

  • India, UAE Hold Talks To Advance Middle East-Europe Economic Corridor

Details:

  • An Indian delegation on Friday paid a visit to the UAE for the first time to hold discussions with the key entities there on the India-Middle East-Europe Economic Corridor (IMEEC).
  • The IMEC trade corridor aims to integrate part of Asia, Europe and the Middle East.

The IMEC corridor has been covered in detail in an earlier article. Read all details about IMEC in:

https://www.iasgyan.in/daily-current-affairs/india-middle-east-europe-economic-corridor-imec#:~:text=The%20IMEC%20envisions%20the%20creation,cost%2Deffective%20movement%20of%20goods.

Source:

https://www.news18.com/world/india-uae-hold-talks-to-advance-middle-east-europe-economic-corridor-8895327.html

PRACTICE QUESTION

Q. Discuss the potential of the India-Middle East Economic Corridor (IMEEC) in enhancing economic cooperation and fostering regional integration, highlighting the challenges and opportunities involved.(250 words)