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Indian Delegation Visits UAE to Discuss IMEEC
- 20 May 2024
In May, 2024, an inter-ministerial Indian delegation visited the UAE to discuss the operational framework of the India-Middle East-Europe Economic Corridor (IMEEC), a strategic project aimed at enhancing cross-border connectivity and economic cooperation.
- The Indian delegation's visit occurred within three months of signing the IMEEC Framework Agreement, highlighting the project's strategic importance.
- The IMEEC aims to create efficient alternate supply routes, reducing costs and enhancing regional connectivity.
- The corridor consists of two parts: an east corridor linking India to the Gulf and a northern corridor connecting the Gulf to Europe.
- The IMEEC will provide a reliable ship-to-rail transit network, supplementing existing maritime routes to improve trade accessibility and economic cooperation.
- The project is expected to secure regional supply chains, generate jobs, lower greenhouse gas emissions, and integrate Asia, Europe, and the Middle East.
- The Indian delegation, led by Ambassador Sunjay Sudhir, engaged with key UAE entities including DP World UAE, AD Ports Group, and UAE Customs.
- Meetings were held at Khalifa Port, Fujairah Port, and Jebel Ali Port to discuss facilitating goods movement between India, the UAE, and beyond.
- The Framework Agreement, signed in February 2024 in Abu Dhabi, outlines cooperation for developing IMEEC and exploring joint investments and technical collaborations.
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