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The US and the EU propose an alternative to China’s Silk Road at the G20

Date: June 16, 2024 Time: 02:32:28

The United States, the European Union (EU), India, Saudi Arabia and other countries announced this Saturday on the sidelines of the G20 a mega project of railways, ports and energy connections that aims to be an alternative to China’s Silk Road.

“Today I am proud to announce that we have finalized a historic agreement to create an India-Middle East-Europe Economic Corridor,” Biden said at an event on the sidelines of the G20 and in which he shared the table, among others, with the president of India. . , Narendra Modi, and the Saudi crown prince, Mohamed bin Salmán.

The announcement comes at a pivotal moment as US President Joe Biden seeks to contain the rise of China, which he sees as his biggest competitor; While the Chinese president, Xi Jinping, intends to strengthen his country’s position as an ally of emerging economies.

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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