New India-to-Europe 'spice route' gains traction amid global tensions
Hampered by the Israel-Hamas war in Gaza, the India-Middle East-Europe Economic Corridor (IMEC) project is gaining momentum with the return of US President Donald Trump to office and the trade war between Washington and Beijing.
READ MORE : http://www.euronews.com/2025/05/05/new-india-to-europe-spice-route-gains-traction-amid-global-tensions
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Hampered by the Israel-Hamas war in Gaza, the India-Middle East-Europe Economic Corridor (IMEC) project is gaining momentum with the return of US President Donald Trump to office and the trade war between Washington and Beijing.
READ MORE : http://www.euronews.com/2025/05/05/new-india-to-europe-spice-route-gains-traction-amid-global-tensions
Subscribe to our channel. Euronews is available on Dailymotion in 12 languages
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00:00Donald Trump's return to the White House and the trade war between the US and China have
00:09brought the India-Middle East-Europe Economic Corridor back into the spotlight.
00:16Formalized in 2023 at a G20 summit, this logistical corridor project aims to facilitate the flow
00:22of goods, energy and data.
00:26This new trade route would link Europe to India via Israel and the Gulf monarchies bypassing
00:31the Suez Canal.
00:33It's even more important now to talk about building up strategic alliances with this new
00:41geopolitical situation where the Americans are kind of unpredictable to say the least.
00:46We more than ever need a corridor like that because we need to not only face the problems
00:54we have with China but also face the fact that we are competing now regionally between US,
01:01China and Europe.
01:02Not all participating countries have the same motivations according to the researcher Alberto
01:06Rizzi.
01:08In addition to better access to European and Gulf markets, India is looking for a way to escape
01:12China's encircling strategy.
01:15The Gulf monarchies see an opportunity to position themselves at the center of future trading goods
01:19and energy.
01:20For its part, the European Union is pursuing two objectives.
01:24One is, of course, the risk from China, which is not just in terms of supply, intermediate
01:31goods or trade, but also in the way of creating a new and different narrative along connectivity
01:36and infrastructural initiative, which is a key part of this European economic effort.
01:41And at the same time, it's also a way to bring not just the world's largest democracy but also
01:46the world's most populous country and the potential huge market and industrial partner, which is India,
01:53closer and closer to the European orbit.
01:56If the war in Gaza slowed down the new spice root project, it now seems to be enjoying renewed interest.
02:01The European Union and the Gulf states are not the only ones courting India.
02:06The United States is also on deck.