The new transport corridor between the Indo-Pacific region, the Middle East and Europe, the agreement on which was reached at the G20 summit, can become a geopolitical competitor to existing transport corridors, in particular passing through China.
Competition and the struggle for influence between China and the United States continues in many areas, including technology and trade.
The United States continues to develop allied and partnerships with the countries of the region in order to counteract the growing influence of China in the Asia-Pacific region.
At the G20 leaders, which took place in New Delhi on September 9-10, India, USA, Saudi Arabia, the UAE, France, Germany, Italy and the EU, the India-red-east-European east (IMEC) agreed.
Although the countries that signed the memorandum did not take on any financial obligations, an agreement was reached on the preparation of the “plan of action” to create a corridor within two months.
If the project can be implemented, the length of the route between India and Europe will be reduced by about 40 percent.
IMEC promises a threat to the future and effectiveness of the Belt and Path project, the purpose of which was to increase the volume of trade between China, Central Asia, Europe, the Middle East and Africa.
The initiative of the belt and the path was first declared the leader of China Xi Jinping during his visit to Kazakhstan in 2013, and is considered the Chinese “Marshal Plan.”
Over the past 10 years, more than 150 countries and international organizations have joined the project. In particular, the initiative is aimed at increasing the commercial influence of Beijing in the region.