New Delhi: Europe, the Middle East, and India on Saturday unveiled plans to create a modern-day Spice Route, boosting trade ties with potentially wide-ranging geopolitical implications.
The United States, Saudi Arabia, the European Union, the United Arab Emirates, and others launched plans to link data, railways, ports, electricity networks, and hydrogen pipelines across the three regions when they meet on the sidelines of the G20 Summit in New Delhi.Signatories hope it can help integrate India’s vast market of 1.4 billion people with countries to the West, offer a counterbalance to lavish Chinese infrastructure spending, boost Middle Eastern economies, and help normalise relations between Israel and Arab Gulf states.
