US President Joe Biden has announced the launch of new plans for a new economic corridor linking India, the Middle East and Europe.
US President Joe Biden inside the White House - Source: BBC
Biden signed a memorandum of understanding with the leaders of India, Saudi Arabia, the United Arab Emirates and the European Union outlining the new project, CNN reported on Saturday.
Biden revealed – during the G20 summit meeting held in the Indian capital, New Delhi, new reforms and investments in the World Bank, which could inject hundreds of billions of dollars in the form of grants and loans to developing countries.
Today, I joined leaders from India, Argentina, Brazil, Italy, Mauritius, and the UAE to launch the Global Biofuels Alliance, a partnership to make progress in our shared commitment to deploy cleaner, greener fuels around the world to help meet our decarbonization goals. pic.twitter.com/bR1Os2ycLk
— President Biden (@POTUS) September 9, 2023
Biden: I would have welcomed the president of China if he was there today
Biden also said he would have welcomed his Chinese counterpart, Xi Jinping, if he had participated in the summit, but stressed that positive results were still possible.
The US hailed the G20 summit statement, with US National Security Adviser Jake Sullivan calling it “a milestone for India’s chairmanship of the summit and a vote of confidence in the G20’s ability to come together to address a range of pressing issues.”
Tune in as I participate with G20 Leaders on our Partnership for Global Infrastructure and Investment. https://t.co/ksZ4UHMwo0
— President Biden (@POTUS) September 9, 2023
Sullivan explained that the statement includes “a series of paragraphs on the war in Ukraine, and from our point of view, the statement did a very good job in defending the principle that states cannot use force to seek territorial seizure.”
