The UAE and India ink pact on trans-continental trade route

The UAE and India will set up a multi-modal trade corridor linking Europe with India through the Middle East, Reuters reports. No further details about the agreement were made public. The corridor “would build on previous understandings and cooperation on this matter and foster India and the UAE cooperation furthering regional connectivity,” India’s External Affairs Ministry said in a statement. The corridor, which would connect India to Europe through the UAE, KSA, Jordan, and Israel, was initially announced on the sidelines of the G20 summit in September.