US President Biden sees Israel-Gaza ceasefire as a step towards realizing the IMEC trade corridor.

US President Joe Biden said the recent ceasefire between Israel and Hamas could make his proposed India-Middle East-Europe Corridor (IMEC) a reality. The IMEC, signed by eight countries including India, the US, and the EU, aims to enhance trade links between Europe and Asia, serving as an alternative to China's One Belt, One Road Initiative. While the ceasefire was brokered under Biden's administration, its implementation will mainly fall to the next administration. The deal involves the release of 33 Israeli hostages and the freeing of hundreds of Palestinian prisoners.

2 months ago
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