External Affairs Minister S. Jaishankar highlighted the significance of the India-Middle East-Europe Economic Corridor (IMEC) in enhancing global connectivity during the G7 Foreign Ministers’ Meeting in France. He emphasized the need for robust trade routes and secure supply chains, especially in the face of ongoing geopolitical tensions.
Jaishankar pointed out that India’s trade agreements with key global partners, such as the European Union, the European Free Trade Association (EFTA), and the United Kingdom, have contributed significantly to the value of IMEC. He shared his perspectives on IMEC at the G7 meeting, stressing the importance of resilient trade corridors and supply chains amidst uncertainties arising from conflicts in West Asia.
The minister also acknowledged the increasing interest among international partners in advancing the connectivity initiative. He raised concerns about the need for reforms within the United Nations Security Council and highlighted the challenges encountered by the Global South, particularly regarding energy, fertilizers, and food security.
During the event, Jaishankar engaged in bilateral discussions with the UK and German Foreign Ministers, focusing on both bilateral and global issues. He expressed satisfaction with the discussions, indicating a positive exchange of views and follow-ups on previous interactions.
