Tag: EU

G20 Railway Ports Connectivity

G20: US, India, Saudi Arabia, UAE, EU Set To Unveil Railway, Ports Connectivity Deal

By LokMarg

A shipping and rail transportation corridor linking countries across the Middle East, South Asia and Europe is likely to be announced on the sidelines of the ongoing G20 Summit in New Delhi, a White House official has said.

The United States, India, Saudi Arabia, the United Arab Emirates, the European Union and other G20 partners are set to explore the shipping and rail transportation corridor, which is aimed at aiding in the flow of commerce, energy and data from India across the Middle East up to Europe.

A memorandum of understanding (MoU) is expected to be announced at a meeting focused on global infrastructure on the sidelines of the G20 today according to White House Deputy National Security Advisor Jon Finer.

The leaders are meeting to discuss the global economy and supply chain challenges, among other issues facing the global community.

This agreement after it is inked could be seen as an alternate supply chain in a completely evolved post-pandemic world order.

Finer added that President Biden and Prime Minister Modi will meet with other leaders for an event focused on global infrastructure later today.

“The deal will benefit low and middle-income countries in the region, and enable a critical role for the Middle East in global commerce. We see this as having a high appeal to the countries involved, and also globally, because it is transparent because it is a high standard because it is not coercive,” Finer told mediapersons here.

Delving more on the initiative, Finer noted it was not just a railway project but more of a shipping and railway project.

“It is not just the Railway project, it is a shipping and Railway project and it is important for people to understand how expansive, ambitious and ground-breaking this will be” Finer added.

Finer termed this to-be-built project as “affirmative positive” aimed at serving the underserved.

“The way we see the infra project, it is an affirmative positive project. It has appeal for countries underserved by infra. We are not asking countries to make a zero-sum choice. We have seen other efforts that are not as ambitious, we feel good about contrast of what we provide,” White House Deputy National Security Advisor said.

The infrastructure deal is expected to connect countries in the Middle East via a network of railways. The network will also connect to India through shipping lanes from ports in the region. (ANI)

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The Commonwealth of Dominica Modi

Glad To See You In Delhi: Modi Welcomes EU Prez Leyen

By LokMarg

Prime Minister Narendra Modi on Friday extended a welcome to the President of the European Commission, Ursula von der Leyen, on her arrival at the national capital for the G20 Summit.

The EU president will be among the sizeable complement of world leaders and delegates attending the big-ticket summit, which will get underway at the state-of-the-art Bharat Mandapam in the national capital on Saturday. 

Responding to a post by the EU President on social media platform X, Prime Minister Modi wrote, “Glad to see you in Delhi for the G20 Summit, @vonderleyen. Grateful for the @EU_commission’s support and commitment. Collectively, we shall address the pressing challenges we face. Looking forward to fruitful deliberations and collaborative actions.”

The EU chief touched down in the national capital on Thursday evening and was received by the Union Minister of State for Commerce and Industry, Anupriya Patel.

India and the EU have a common interest in ensuring security, prosperity and sustainable development in a multi-polar world. Both India and the EU agreed to further build on these convergences and foster new synergies for jointly contributing to a safer, greener, cleaner, more digital, resilient and stable world, in line with the 2030 Agenda for Sustainable Development and the Paris Agreement.

The EU is India’s second-largest trading partner (after the US) and India’s second-largest export market. India is the EU’s 10th largest trading partner, accounting for 2 per cent of EU total trade in goods. Trade in services between the EU and India reached 40 billion euros in 2021.

For the summit, which is being hosted under India’s presidency of the G20, extensive preparations and arrangements have been made not only to showcase the country’s soft power but also its emergence as a prominent global player.

Formed in 1999, the G20 was formed to maintain global financial stability by incorporating middle-income countries.

India assumed the G20 presidency on December 1 last year and about 200 meetings related to G20 were organized in 60 cities across the country. The 18th G20 Summit in New Delhi will be a culmination of all the G20 processes and meetings held throughout the year among ministers, senior officials, and civil societies. (ANI)

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