Current:Home > InvestBiden, Modi and EU to announce rail and shipping project linking India to Middle East and Europe -Capitatum
Biden, Modi and EU to announce rail and shipping project linking India to Middle East and Europe
Poinbank View
Date:2025-04-08 15:55:43
NEW DELHI (AP) — President Joe Biden and his allies on Saturday were to outline plans for a rail and shipping corridor that would connect India with the Middle East and ultimately Europe — a possible game changer for global trade to be announced at the Group of 20 summit.
The project would include the United States, India, Saudi Arabia, the United Arab Emirates, the European Union and other countries in the G20, said Jon Finer, Biden’s principal deputy national security adviser.
Biden, Indian Prime Minister Narendra Modi and European Commission President Ursula von der Leyen plan to announce the project as part of the Partnership for Global Infrastructure Investment.
The rail and shipping corridor would enable greater trade among the countries, including energy products. It could also be one of the more ambitious counters to China’s massive infrastructure program, through which it has sought to connect more of the world to that country’s economy.
Finer laid out three big rationales for the project. He said first that the corridor would increase prosperity among the countries involved by increasing the flow of energy and digital communications. Second, the project would help address the lack of infrastructure needed for growth in lower- and middle-income nations. And third, Finer said it could help “turn the temperature down” on “turbulence and insecurity” coming out of the Middle East.
“We see this as having a high appeal to the countries involved, and also globally, because it is transparent, because it is a high standard, because it is not coercive,” Finer said.
Von der Leyen was expected to describe the project as “nothing less than historic” and as an “India - Middle East - Europe economic corridor” that will make trade between India and Europe 40% faster, according to a draft of her prepared remarks.
The project will include a rail link as well as an electricity cable, a hydrogen pipeline and a high-speed data cable, according von der Leyen’s prepared text, which also describes the project as “a green and digital bridge across continents and civilizations.”
She is also expected to announce a “Trans-African Corridor” that will connect the Angolan port of Lobito with Kananga province in the Democratic Republic of Congo and the copper-mining regions of Zambia.
Biden participated in the summit’s first session, which focused on the theme of “One Earth.” The U.S. president plans to draw on the theme to push for more investments to address climate change, such as his own domestic incentives to encourage the use of renewable energy, Finer said. Biden also wants to make the case that Russia’s war in Ukraine is hurting many other nations, which have had to cope with greater food and energy costs as well as higher interest rate costs on their debt.
Ukraine President Volodymyr Zelenskyy, who has been a regular presence at international summits, including last year’s G20 in Indonesia, since Russia invaded his country more than 18 months ago, was not invited by Modi’s government to this year’s gathering.
Zelenskyy has the used the high-profile gatherings to argue for continued economic and military support for his country. India is one of the most prominent U.S. allies that has largely stayed on the sidelines of the war, and has even dramatically increased its purchases of Russian oil.
Finer said White House officials pushed for Zelenskyy’s inclusion at the summit.
“Ultimately, it is not our decision,” Finer said. “But you can expect that the United States and our other partners who are working with Ukraine so closely ... We’ll make that case quite forcefully in the context of these conversations.”
During the summit’s second session, themed “One Family,” Biden discussed his request to Congress for additional funding for the World Bank that could generate more than $25 billion in new lending for economic development.
“This initiative will make the World Bank a stronger institution that is able to provide resources at the scale and speed needed to tackle global challenges and address the urgent needs of the poorest countries,” the White House said in a statement.
The White House more broadly is trying to strengthen the G20 as an international forum, while Chinese President Xi Jinping and Russian President Vladimir Putin decided not to attend.
Still, China and Russia are represented at the summit and that could make it difficult for the G20 to produce a joint statement on the war in Ukraine.
“Really it’s incumbent upon the Chinese government to explain why a leader would or would not participate,” Finer said.
——
Associated Press writer Adam Schreck contributed to this report.
veryGood! (452)
Related
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- WNBA Finals will go to best-of-seven series next year, commissioner says
- Teen charged in connection with a Wisconsin prison counselor’s death pleads not guilty
- A $20K reward is offered after a sea lion was fatally shot on a California beach
- 2024 Olympics: Gymnast Ana Barbosu Taking Social Media Break After Scoring Controversy
- Days of Our Lives Star Drake Hogestyn's Cause of Death Revealed
- Opinion: It's more than just an NFL lawsuit settlement – Jim Trotter actually won
- Hurricane Leslie tracker: Storm downgraded from Category 2 to Category 1
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Third-party candidate Cornel West loses bid to get on Pennsylvania’s presidential ballot
Ranking
- The GOP and Kansas’ Democratic governor ousted targeted lawmakers in the state’s primary
- Influencer Cecily Bauchmann Apologizes for Flying 4 Kids to Florida During Hurricane Milton
- ACC commissioner Jim Phillips bullish on league's future amid chaos surrounding college athletics
- JoJo Siwa, Miley Cyrus and More Stars Who’ve Shared Their Coming Out Story
- British swimmer Adam Peaty: There are worms in the food at Paris Olympic Village
- Hurricane Milton from start to finish: What made this storm stand out
- Sebastian Stan became Trump by channeling 'Zoolander,' eating 'a lot of sushi'
- Hurricane Milton from start to finish: What made this storm stand out
Recommendation
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
MoneyGram announces hack: Customer data such as Social Security numbers, bank accounts impacted
Tampa Bay Avoided the Worst of Milton’s Wrath, But Millions Are Suffering After the Second Hurricane in Two Weeks Raked Florida
Andy Cohen Reacts to NYE Demands After Anderson Cooper Gets Hit by Hurricane Milton Debris
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
¿Dónde tocó tierra el huracán Milton? Vea la trayectoria de la tormenta.
Video shows Florida man jogging through wind and rain as Hurricane Milton washes ashore
Chase Bank security guard accused of helping plan a robbery at the same bank, police say