At G20, US, India, Saudi, EU unveil alternative to Belt-and-Road

[HariPrasad-1]

At G20, US, India, Saudi, EU unveil alternative to Belt-and-Road
Euractiv.com with Reuters

Est. 3min
Sep 10, 2023
Content-Type:
News Service

The initiative aims to link Middle East countries by railway and connect them to India by port, helping the flow of energy and trade from the Gulf to Europe. [X, formerly Twitter]
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Global leaders announced a multinational rail and ports deal linking the Middle East and South Asia on Saturday (9 September) on the sidelines of the G20 summit in New Delhi.
The pact comes at a critical time as US President Joe Biden seeks to counter China’s Belt and Road push on global infrastructure by pitching Washington as an alternative partner and investor for developing countries at the G20 grouping.
Biden said it was a “real big deal” that would bridge ports across two continents and lead to a “more stable, more prosperous and integrated Middle East.”


He said at an event announcing the pact that it would unlock “endless opportunities” for clean energy, clean electricity, and laying cable to connect communities. [see FactSheet]
Prime Minister Narendra Modi of summit host India said: “Today, as we embark upon such a big connectivity initiative, we are sowing the seeds for future generations to dream bigger.”
The deal will benefit low and middle-income countries in the region, and enable a critical role for the Middle East in global commerce, Jon Finer, the US deputy national security adviser, told reporters at the bloc’s annual summit in New Delhi.
It aims to link Middle East countries by railway and connect them to India by port, helping the flow of energy and trade from the Gulf to Europe, US officials have said, by cutting shipping times, costs and fuel use.
A memorandum of understanding on the India-Middle East-Europe Economic Corridor, or IMEC, was signed by the European Union, India, Saudi Arabia, the United Arab Emirates, the U.S. and other G20 partners.
IMEC is envisioned to consist of two separate corridors with an east corridor connecting India to the Arabian Gulf, and a northern corridor connecting the Arabian Gulf with Europe, according to the MOU.
Along the railway route, participants intend to lay cable for power and data lines, as well as pipeline for hydrogen derived from renewable energy for use in power generation.
French President Emmanuel Macron said the pact offers opportunities for manufacturing, innovation and people. “But our intention is to make it real, and to be sure that after this commitment we have concrete results,” he said at the event. No immediate details of the value of the deal were available.
The move comes amid US efforts for a broader diplomatic deal in the Middle East that would have Saudi Arabia recognise Israel.
From the US viewpoint, Finer added, the deal helps “turn the temperature down across the region” and “address a conflict where we see it”.
(Edited by Georgi Gotev)

At G20, US, India, Saudi, EU unveil alternative to Belt-and-Road

Global leaders announced a multinational rail and ports deal linking the Middle East and South Asia on Saturday (9 September) on the sidelines of the G20 summit in New Delhi.

www.euractiv.com

 

[HariPrasad-1]

President Biden

@POTUS
·
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I'm proud to announce that the U.S., India, Saudi Arabia, UAE, France, Germany, Italy and EU finalized a historic agreement for a new India-Middle East-Europe Economic Corridor. This project is about more than just laying tracks. This is a game-changing regional investment.



3:30 AM · Sep 10, 2023


This is a Masters stroke to finish China's belt and road initiative off. Hegemonic Chinese Road and belt initiative is finished off by this new proposal to shift the center of trade out of the influence of China. It is said that our Diplomats worked very hard to draft this plan. This is the way of working by Modi Government. He finished off CPC by some other means and belt and road initiative by this alternate. This guy is a genius which world has not seen for a long time in any Global leader. Modi, Xi and IK are very important leader for emergence of India as a Global power. Like RG is very important guy for BJP, XI is very important for India. A decade in same same direction will change the geopolitical dimensions of the world and new world order will emerge. Very Interesting time ahead.

 

[spacemarine2023]

President Biden
@POTUS
·
Follow
I'm proud to announce that the U.S., India, Saudi Arabia, UAE, France, Germany, Italy and EU finalized a historic agreement for a new India-Middle East-Europe Economic Corridor. This project is about more than just laying tracks. This is a game-changing regional investment.

3:30 AM · Sep 10, 2023


This is a Masters stroke to finish China's belt and road initiative off. Hegemonic Chinese Road and belt initiative is finished off by this new proposal to shift the center of trade out of the influence of China. It is said that our Diplomats worked very hard to draft this plan. This is the way of working by Modi Government. He finished off CPC by some other means and belt and road initiative by this alternate. This guy is a genius which world has not seen for a long time in any Global leader. Modi, Xi and IK are very important leader for emergence of India as a Global power. Like RG is very important guy for BJP, XI is very important for India. A decade in same same direction will change the geopolitical dimensions of the world and new world order will emerge. Very Interesting time ahead.

its dead

 

[HariPrasad-1]

Intelligence and diplomacy are very effective tools to national interest in very cost effective and soft way. Indian government has harmed Pakistan and China much more than what can be done by a war. China has no alternate but to watch MNCs moving out of China to India. Huawei is almost finished. Now the company has diversified into the area of Pig farming from IT. Chinese real estate sector is in the state of Disaster. Chinese Railway is incurring very heavy losses. Land is freed by bombing the buildings of Ghost cities. Chinese economy is facing Deflation instead of Inflation. Real estate has no taker even at half of the cost. Chinese Dictatorial regime is working overtime to hide the reality of China. China's influence has taken a big jolt in last few years and will become a mediocre power in coming decade. XI need to remain in power for that period at least.

 

[Tshering22]

Intelligence and diplomacy are very effective tools for national interest in a very cost-effective and soft way. The Indian government has harmed Pakistan and China much more than what can be done by war. China has no alternative but to watch MNCs moving out of China to India.

Pakistan was on a self-destructive path from the get-go. All it needed was a guiding hand to make it easy for them. They will never be able to recover as both Western capacity and Chinese interest are no longer aligned with them. China is going to continue losing money in Pakistan as that state will never return their money in any format. Extracting resources will be difficult as more and more Chinese will face attacks and intimidation from the angered locals.

Companies leaving China is pretty much Xi's doing. Hu Jintao was pragmatic in keeping Chinese progress under wraps but Xi released the cards too much. There is very little that the Indian intelligence has done WRT the economic warfare against CCP.

Huawei is almost finished. Now the company has diversified into the area of Pig farming from IT. Chinese real estate sector is in a state of Disaster. Chinese Railway is incurring very heavy losses. The land is freed by bombing the buildings of Ghost Cities. The Chinese economy is facing Deflation instead of Inflation. Real estate has no taker even at half of the cost. Chinese Dictatorial regime is working overtime to hide the reality of China. China's influence has taken a big jolt in the last few years and will become a mediocre power in the coming decade. XI needs to remain in power for that period at least.

I would agree with you about the disasters in their real estate and railway sectors, but Huawei is certainly not gone. They may have diversified as a temporary stopgap to supplement their R&D efforts, but their communication technology is still among the most advanced in the world. They are behind the US but are ahead in many areas that include AI, and a whole host of smart materials for which their patents trump that of the US. We are nowhere in that picture compared to the Chinese progress.

China's power will remain in the fact that it controls the mining and raw material supply chain for semiconductors and other modern smart materials. The US is not pushing them over the edge because Chinese state companies control the mines that supply the US with materials for their weapons systems. If DC crosses the red line with them, the Chinese could unleash devastation across American supply chains for quite some time, limiting their ability to churn out weapons and guidance systems that require REMs and other minerals. Americans might find alternatives eventually but the temporary pain would send shockwaves across the American MIC and Tech.

 

[The3Amigos]

Pakistan was on a self-destructive path from the get-go. All it needed was a guiding hand to make it easy for them. They will never be able to recover as both Western capacity and Chinese interest are no longer aligned with them. China is going to continue losing money in Pakistan as that state will never return their money in any format. Extracting resources will be difficult as more and more Chinese will face attacks and intimidation from the angered locals.

Companies leaving China is pretty much Xi's doing. Hu Jintao was pragmatic in keeping Chinese progress under wraps but Xi released the cards too much. There is very little that the Indian intelligence has done WRT the economic warfare against CCP.



I would agree with you about the disasters in their real estate and railway sectors, but Huawei is certainly not gone. They may have diversified as a temporary stopgap to supplement their R&D efforts, but their communication technology is still among the most advanced in the world. They are behind the US but are ahead in many areas that include AI, and a whole host of smart materials for which their patents trump that of the US. We are nowhere in that picture compared to the Chinese progress.

China's power will remain in the fact that it controls the mining and raw material supply chain for semiconductors and other modern smart materials. The US is not pushing them over the edge because Chinese state companies control the mines that supply the US with materials for their weapons systems. If DC crosses the red line with them, the Chinese could unleash devastation across American supply chains for quite some time, limiting their ability to churn out weapons and guidance systems that require REMs and other minerals. Americans might find alternatives eventually but the temporary pain would send shockwaves across the American MIC and Tech.

Huawei's sanctions-evading Kirin 9000S processor tested: significantly behind its Kirin 9000 predecessor that used TSMC tech

It's tough to beat a 5nm processor with a 7nm chip.

www.tomshardware.com