A memorandum of understanding will be signed to explore shipping and rail transportation (project)...
Digital Desk: The United States, Saudi Arabia, and others will sign a pact at the G20 to discuss developing a major port and railway project to link the Middle East with India and Europe, US officials stated on Saturday.
A memorandum of understanding will be signed to "explore a shipping and rail transportation that will enable the flow of commerce, energy, and data from here in India across the Middle East to Europe," said Jon Finer, US deputy national security advisor.
Finer told reporters in New Delhi that in addition to Saudi Arabia and India, other important participants in the project will be the European Union and the United Arab Emirates.
The agreement comes with Washington actively engaging with the kingdom, to normalize relations with Israel.
Jon Finer added, "This has been the result of months of careful diplomacy, quiet, bilaterally and in multilateral settings."
"This project has enormous potential but I'm not sure how long it will take," Finer added.
Due to disagreements among G20 leaders over Russia's involvement in the Ukraine conflict and their inability to reach a consensus on a plan to reduce carbon emissions, the decision to consider the project could be one of the summit's more practical consequences.
US deputy national security advisor stated, "While we've all read and maybe you all have written a lot of analysis about who is or isn't in Delhi for the summit, and why or why not that may be, the United States is focused on the fact that President Biden is here and rolling up his sleeves with the other G20 countries and partners to produce real results."
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