G7 Summit 2021, UK
India and Italy recently agreed to strengthen strategic cooperation in trade, defence, clean energy, and high technology. The India-Middle East-Europe Economic Corridor (IMEEC) is a transport and trade infrastructure project connecting India, the Middle East, and Europe. It was launched through a Memorandum of Understanding (MoU) signed by India, the European Union (EU), France, Germany, Italy, Saudi Arabia, United Arab Emirates (UAE), and the United States (US) during the G20 Summit 2023 in New Delhi. IMEEC is part of the Partnership for Global Infrastructure and Investment (PGII), introduced at the G7 Summit 2021 in the United Kingdom.
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