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G7 Summit Commits to Advancing the India-Middle East-Europe Economic Corridor

The Group of Seven (G7) summit concluded with a strong commitment to promote infrastructure initiatives like the India-Middle East-Europe Economic Corridor (IMEC), aiming to bolster connectivity and economic integration across Asia, the Middle East, and Europe. This ambitious corridor, which includes road, railroad, and shipping networks spanning from Saudi Arabia to India, the United States, and Europe, seeks to counterbalance China’s Belt and Road Initiative (BRI) by prioritizing transparency and respecting sovereignty. The summit’s Communique highlighted IMEC as a strategic initiative endorsed by like-minded nations to enhance regional stability and economic resilience.

Additionally, the G7 reaffirmed its dedication to a free and open Indo-Pacific, underpinned by the rule of law, amidst global geopolitical challenges. The summit also emphasized the importance of transformative economic corridors and flagship projects like IMEC, aligning with efforts such as the EU Global Gateway and initiatives like the Great Green Wall and Mattei Plan for Africa, launched by Italy. As the summit concluded, leaders underscored their commitment to fostering innovation, sustainable growth, and inclusive development through enhanced cooperation on infrastructure and investment across these strategic corridors.