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.
