Brief by Shorts91 Newsdesk / 03:49am on 11 Apr 2024,Thursday India Global
India and UAE are teaming up for the India-Middle East-Europe Economic Corridor (IMEEC), despite Gaza conflict. IMEEC aims to connect India, UAE, Jordan, Saudi Arabia, Israel, Europe, and the US through trade. PM Modi and UAE's President signed an agreement, with the first meeting scheduled for May 15. Backed by the Biden administration, IMEEC seeks to enhance bilateral trade, currently at USD 85 billion, and unite markets. This move underscores a strong commitment to bolstering economic relations and fostering regional cooperation.
