The ambitious rail and shipping project announced on the sidelines of G20 summit in New Delhi is seen as a challenge to China’s economic clout.
A multinational rail and shipping project linking India with the Middle East and Europe has been announced on the sidelines of the G20 summit in New Delhi in a step seen as a challenge to China’s economic ambitions in the region.
The corridor, which would include India, Saudi Arabia, the United Arab Emirates, Jordan, Israel and the European Union, would help boost trade, deliver energy resources and improve digital connectivity.
Jake Sullivan, Biden’s national security adviser, said the network reflected Biden’s vision for “far-reaching investments” that come from “effective American leadership” and a willingness to embrace other nations as partners.
He said the enhanced infrastructure would boost economic growth, help bring countries in the Middle East together and establish that region as a hub for economic activity instead of as a “source of challenge, conflict or crisis” as it has been in recent history.
Biden seeks to counter China’s Belt and Road push on global infrastructure by pitching Washington as an alternative partner and investor for developing countries at the G20 grouping.
“This is a big deal. This is a really big deal,” Biden said.
At an event announcing, the US leader said the pact would unlock “endless opportunities” for clean energy, clean electricity, and laying cable to connect communities.
Prime Minister Narendra Modi of summit host India said, “Today, as we embark upon such a big connectivity initiative, we are sowing the seeds for future generations to dream bigger.”
“Enhancing connectivity with all regions has been a key priority for India,” said Modi, speaking through a translator. “We believe that connectivity is a means to not only increase mutual trade between different countries but also increase mutual trust.”
Source : Aljazeera