An ambitious trade route designed to connect India with Europe through the Middle East is facing significant challenges and may be stalling. The route, part of a US-led plan, was intended to facilitate Europe-Asia trade via a new Arab railway, with President Biden having touted it as a game-changer. However, the project is currently going nowhere due to geopolitical turmoil in the region, specifically the Israel-Hamas war, which has also impacted maritime commercial traffic safety in the Indian Ocean, as noted by India at the United Nations Security Council.
Israel-Hamas war impacting maritime commercial traffic safety in Indian Ocean: India at UNSC https://t.co/M6weZUCOAS
Israel-Hamas War Halts India-Middle East-Europe Economic Corridor https://t.co/htJuY09WDC https://t.co/v0kb3YcBM5
India-Middle East-Europe Corridor- World’s Most Ambitious Trade Route Stalls in Mideast Turmoil ➡️US-led plan aimed to link India, Europe via new Arab railway ➡️Biden called it a game-changer but it’s going nowhere for now #Velsig #geoeconomics https://t.co/lfwOPK5I39
A far-reaching plan to channel Europe-Asia trade through the Middle East is at risk of stalling before it even gets started -- > from @mljamrisko & @albertonardelli for @business https://t.co/5qDajMwMbJ via @bpolitics
Hopes are fading for a new trade route bridging India with Europe amid geopolitical turmoil in the Middle East https://t.co/L2PJ4PlCeD
A far-reaching plan to channel Europe-Asia trade through the Middle East is at risk of stalling before it even gets started https://t.co/csTJeewho8 via @AlbertoNardelli https://t.co/Y2KakmwihL