India, America, United Arab Emirates, Saudi Arabia, European Union, France, Italy, Germany will participate in the construction of the corridor.
New Delhi. The G20 summit began on Saturday under the chairmanship of India at the Bharat Mandapam at Pragati Maidan. On the first day, in the presence of heads of state of various countries, a 37-page ‘New Delhi Declaration’ was agreed upon. The India-Middle East-Europe Economic Corridor was announced, connecting India to the Middle East and Europe.
Announcing the economic corridor, Prime Minister Narendra Modi said that it will give a new direction to global infrastructure, partnership for investment, mobility and sustainable development. He said, with such a big step we are sowing the seeds for future development. This corridor will play a big role in strengthening mutual trust. He said, through PGII (Partnership for Global Infrastructure and Investment), we can play a big role in filling the infrastructure gap in the Global South countries.
India, America, United Arab Emirates, Saudi Arabia, European Union, France, Italy, Germany will participate in the construction of the corridor. During this, US President Joe Biden said that we are investing in ships and trains as a major part of the corridor. This will make business easier. European Commission President Ursula von der Leyen called the decision historic. French President Emmanuel Macron said it belongs to the first global green trade route. G20 leaders are meeting at a time of extreme challenges. The world is once again looking to the G20 to provide leadership.
accept this proposal
● Resolve to attack the safe havens of terrorists and fight all forms of terrorism.
● Emphasis on increasing private sector participation in boosting the economy. ● Focus on economic assistance to less developed countries
● Consensus on new working group for women empowerment
● International cooperation and information systems related to law enforcement to combat corruption will be strengthened
● A concrete strategy will be prepared to take G20 countries out of the debt trap ●
● Member countries agreed on regulation of cryptocurrency
● Job database will be prepared among G20 countries to fight unemployment
