G20: EU and US back trade corridor linking Europe, Middle East and India

News Snapshot:

The US and the EU have backed an ambitious plan to build an economic corridor linking Europe with the Middle East and India via rail and sea, a project the US president, Joe Biden, described as a “really big deal”. The Indian prime minister, Narendra Modi, and the European commission president, Ursula von der Leyen, announced the project during a Saturday afternoon session at the G20 leaders’ summit, being held in Delhi this weekend. Modi said the India-Middle East-Europe economic corridor promised to be “a beacon of cooperation, innovation, and shared progress”. Biden said it was “game-changing investment”. Von der...