Joe Biden describes ambitious rail and sea plan to counter China’s Belt and Road project as a ‘really big deal’
The US and the EU have backed an ambitious plan to build an economic corridor linkingwith the Middle East and India via rail and sea, a project the US president, Joe Biden, described as a “really big deal”.
Modi said the India-Middle East-Europe economic corridor promised to be “a beacon of cooperation, innovation, and shared progress”. Biden said it was “game-changing investment”.Von der Leyen described it as “much more than just a railway or a cable”. “It is a green and digital bridge across continents and civilisations,” she said.
The project, called the Partnership for Global Infrastructure Investment, could speed up trade between India and Europe by 40% and help normalise relations between Israel and the Gulf states, which the Biden administration has been pushing for.
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