EU Backs IMEC to Diversify India-Europe Trade Routes

The European Union supports a planned trade corridor connecting India, the Middle East and Europe.

It could give goods more ways to travel if a major sea route is disrupted.

European Commissioner Apostolos Tzitzikostas said relying on only one route or port can put trade at risk.

He spoke at a maritime conference in New Delhi.

He also said India and Europe could work together to make cleaner fuels for ships.

India could produce fuels such as green ammonia and methanol, while Europe could provide a market, technology and investment.

He said ports, companies and governments need to work together to build green shipping routes.

He also called for stronger maritime security and practical global rules to reduce shipping emissions.