1、 The India-Middle East-Europe Economic Corridor paving a new path for global trade April 2025 The India-Middle East-Europe Economic Corridor paving a new path for global trade April 2025|2 The India-Middle East-Europe Economic Corridor paving a new path for global trade April 2025|3 Table of content

2、s 1.Introduction.4 2.Investments and trade policies.9 3.Building a successful economic corridor.24 4.Recommendations and way forward for IMEC.31 The India-Middle East-Europe Economic Corridor paving a new path for global trade April 2025|4 1.Introduction A corridor-based development strategy focuses

3、 on leveraging linear trade routes to improve economic activity and subsequent growth and connectivity outcomes across regions.The strategy,which has seen global adoption and substantial success,hinges on synergising infrastructure development,targeted investment and innovation to support the transf

4、ormation of regional economies.When such a strategy is adopted by a group of nations,it leads to the development of transnational economic corridors(TNECs).These transnational corridors stimulate regional integration by promoting inter-country collaboration.They also generate opportunities for share

5、d benefits,support trade-enabling policies and promote the development of critical infrastructure projects.Successfully developing and operationalising TNECs,therefore,is contingent on a number of factors including alignment of economic visions and aspirations and concerted efforts to consolidate di

6、plomatic ties towards the achievement of strategic objectives.TNECs also help the growth of various other sectors due to the activities they stimulate along specific economic routes.These corridors enhance the expansion of ancillary industries and sectors such as logistics and warehousing,retail and