Europe, the Middle East and India will on Saturday unveil plans to create a modern-day Spice Route, in a challenge to China's Belt and Road.
— Europe, the Middle East and India will on Saturday unveil plans to create a modern-day Spice Route, boosting trade ties with potentially wide-ranging geopolitical implications.
The India-Middle East-Europe economic corridor is “nothing less than historic”, EU leaders are expected to say when the details of the plans are announced. Pramit Pal Chaudhuri, South Asia practice head at the Eurasia Group, said that a shipping container which today travels from Mumbai, through the Suez Canal to Europe could in the future go by rail from Dubai to Haifa in Israel — saving both money and time — and on to Europe.
In March 2021, the giant container ship Ever Given caused a nearly week-long stoppage in Suez traffic after it became lodged diagonally in the waterway.
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