BusinessEU Supports IMEC to Diversify India-Europe Trade Amid Hormuz Crisis
The EU is supporting the India-Middle East-Europe Corridor (IMEC) to diversify trade routes between India and Europe due to concerns over disruptions at the Strait of Hormuz. Apostolos Tzitzikostas of the EU highlighted that depending on a single route risks broader supply chain shocks. He also emphasized that green shipping initiatives can enhance resilient connectivity.
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