Greek Foreign Minister urged to accelerate the creation of the new IMEC economic corridor

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Greece and India should accelerate the creation of a new India-Middle East-Europe Economic Corridor (IMEC), the strategic nature of Greek-Indian relations will contribute to this. Greek Foreign Minister Yorgos Gerapetritis made this point during his speech at the Raisina Dialogue, an international political science conference in New Delhi, the Report reported, citing TASS. He said that Greek ports could and should be the gateway of this corridor to Europe. “Since ancient times, Greece’s strategic location at the crossroads where three continents meet has provided opportunities for trade and exchange,” Gerapetritis said.

On the sidelines of the G20 summit in New Delhi, India, the United States, Saudi Arabia and the European Union agreed to create a transport and economic corridor linking India to the Middle East and European countries. The project includes the construction of a railway network and the development of port infrastructure. The project participants aim to increase the capacity of export and transit cargo transport routes. The parties signed a memorandum of understanding. According to the plan, the corridor will run from India to Europe via the United Arab Emirates, Saudi Arabia, Jordan, Israel and Greece.