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G20 summit: New 'spice route' deal to counter China's OBOR

IndiaTimes Saturday, 9 September 2023
India, along with the US, EU, Saudi Arabia and UAE, clinched a deal Saturday to set up the India-Middle East-Europe Economic Corridor that will provide faster and cheaper sea and rail transit option to west Asia and Europe and is seen as a counter to One Belt One Road initiative. Praising PM Modi for helping clinch a deal to set up a trade corridor linking India with west Asia and Europe, Biden said the proposed partnership was in sync with the current G20's theme of One Earth, One Future.
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