An Indian delegation visited the UAE to discuss the India-Middle East-Europe Economic Corridor (IMEEC), reflecting the importance both governments place on this project.
The IMEEC will provide substitute supply lines to reduce expenses and increase efficiency. The two countries decided to continue discussing early implementation. The Indian delegation held meetings with important UAE organisations, including UAE Customs, AD Ports Group, and DP World UAE.
The two routes that make up IMEEC are the northern corridor that connects Europe to the Gulf and the east corridor that connects India to the Gulf. The goal of this network is to improve current maritime routes by offering a cross-border ship-to-rail travel system that is affordable. To integrate Asia, Europe, and the Middle East, goals include improving economic cooperation, creating jobs, cutting costs, safeguarding supply chains, raising trade accessibility, and lowering greenhouse gas emissions.
On February 13, PM Modi and UAE President Mohammed bin Zayed Al Nahyan signed the Framework Agreement in Abu Dhabi. Its main objectives are to advance IMEEC and investigate cooperative investments and technical alliances.
To ease the flow of commodities between India and the UAE and other destinations, a delegation from India, comprised of officials from multiple ministries, visited major UAE ports, including Khalifa Port, Fujairah Port, and Jebel Ali Port.
