Q. With reference to India-Middle East-Europe Corridor (IMEC) project, which of the following statement(s) is/are correct?
1.It reduces India’s dependence on the Suez Canal for trade routes to Europe.
2.It is seen as an alternative to Trans-Pacific Partnership (TPP).
Select the correct answer using the codes given below:
Answer: A
Notes:
Explanations –
Statement 1 is correct. The IMEC offers a strategic alternative to the Suez Canal, aiming to reduce transit time by 40% and costs by 30%, providing India with a shorter and more efficient trade route to Europe through the Middle East.
Statement 2 is incorrect. IMEC is not an alternative to the Trans-Pacific Partnership (TPP), which is a trade agreement focused on countries around the Pacific Rim. Instead, IMEC focuses on enhancing connectivity between India, the Middle East, and Europe, and is seen as a counterbalance to China’s Belt and Road Initiative (BRI).
Source: The Hindu
