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

flag US President Joe Biden said the recent ceasefire between Israel and Hamas could make his proposed India-Middle East-Europe Corridor (IMEC) a reality. flag 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. flag While the ceasefire was brokered under Biden's administration, its implementation will mainly fall to the next administration. flag The deal involves the release of 33 Israeli hostages and the freeing of hundreds of Palestinian prisoners.

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