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US-led initiative to build trade corridor could deepen rivalry with China
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(Front from left) Prince Mohamed bin Salman bin Abdulaziz Al Saud, Crown Prince of Saudi Arabia, Indian Prime Minister Narendra Modi, US President Joe Biden, Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, and French President Emmanuel Macron.
PHOTO: EPA-EFE
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NEW DELHI – Beyond the consensus building at the Group of 20 (G-20) leaders’ summit, where China’s participation remained crucial, a United States-led initiative to build a rail and shipping corridor from India to the Middle East and Europe could further deepen great power rivalries, said analysts.
The trade corridor is being viewed as a response to China’s Belt and Road Initiative (BRI), which is in its 10th year.
