• UGI USER
  • Feb 23, 2024
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LET’S PROCEED WITH IMEC DESPITE GAZA WAR, SAYS GREEK PM

Why in the news?

  • Greek PM’s support for IMEC during Gaza conflict shows commitment to regional stability.
  • IMEC crucial for connectivity and economic growth amid Middle East tensions.
source:voiceofeast

About  IMEC and Greek Greece as European Gateway for India:

  • IMEC facilitates enhanced connectivity between India, the Middle East, and Europe, fostering economic growth and cooperation.
  • Greece’s strategic location as a gateway to Europe amplifies its importance within IMEC.
  • Greece’s robust merchant shipping fleet further strengthens its role, providing extensive connectivity options for the corridor.
 About The India-Middle East-Europe Economic Corridor (IMEC)

●   IMEC, part of PGII, initiated at the G20 Summit, aims to connect India, the Middle East, and Europe via rail, road, and sea routes.

●   Signatories include India, US, Saudi Arabia, UAE, EU, Italy, France, and Germany.

●   Aims: boost trade, connectivity, and lower GHG emissions