Instant Insight - India-Middle East- Europe Economic Corridor (IMEC) - Bridging Economic and

Speaking at the meeting, the President of are expected to be some of the benefits of the corridor. [...] The development of the rail network IMEC member countries plan to lay cables for electricity connecting Asia and Europe will be the critical piece and digital connectivity and pipelines for clean hydrogen of the corridor, as the ports of Dubai and Haifa could trade. [...] This economic 2021, a key institution to help develop standards and corridor is expected to accelerate trade between the increase integration and coordination across the GCC countries and could reduce the cost and time required countries is in place. [...] It was developed with the objective to promote cooperation in transportation amongst member states of INSTC and was designed to connect the Indian Ocean with the Baltic Sea, thus ensuring that a cargo corridor for trade from Europe to South Asia could be established without having to take the longer route of across the Atlantic, Mediterranean, and Arabian Gulf. [...] be worked out, the expectation is that the participants Their recent induction into the BRICS2 organization also meeting within the next couple of months to develop provides a chance to understand the benefits of working and commit to an action plan with relevant timetables through overlapping economic frameworks of BRICS would help further advance the project.