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Opinion from a Libertarian ViewPoint

War of Economic Corridors: the India-Mideast-Europe ploy

Posted by M. C. on September 27, 2023

The India-Middle East-Europe transportation corridor may be the talk of the town, but it will likely go the way of the last three Asia-to-Europe connectivity projects touted by the west – to the dustbin. Here’s why.

A year later, at a G7 meeting, B3W had already shrunk to a $600 billion infrastructure-and-investment project. Of course, nothing was built. History really is implacable, it came down to nought. 

The same fate awaits IMEC, for a number of very specific reasons.

https://new.thecradle.co/articles/war-of-economic-corridors-the-india-mideast-europe-ploy

Pepe Escobar

Photo Credit: The Cradle

The India-Middle East-Europe Economic Corridor (IMEC) is a massive public diplomacy op launched at the recent G20 summit in New Delhi, complete with a memorandum of understanding signed on 9 September. 

Players include the US, India, UAE, Saudi Arabia, and the EU, with a special role for the latter’s top three powers Germany, France, and Italy. It’s a multimodal railway project, coupled with trans-shipments and with ancillary digital and electricity roads extending to Jordan and Israel. 

If this walks and talks like the collective west’s very late response to China’s Belt and Road Initiative (BRI), launched 10 years ago and celebrating a Belt and Road Forum in Beijing next month, that’s because it is. And yes, it is, above all, yet another American project to bypass China, to be claimed for crude electoral purposes as a meager foreign policy “success.”  

No one among the Global Majority remembers that the Americans came up with their own Silk Road plan way back in 2010. The concept came from the State Department’s Kurt Campbell and was sold by then-Secretary Hillary Clinton as her idea. History is implacable, it came down to nought.  

And no one among the Global Majority remembers the New Silk Road plan peddled by Poland, Ukraine, Azerbaijan, and Georgia in the early 2010s, complete with four troublesome trans-shipments in the Black Sea and the Caspian. History is implacable, this too came down to nought.   

In fact, very few among the Global Majority remember the $40 trillion US-sponsored Build Back Better World (BBBW, or B3W) global plan rolled out with great fanfare just two summers ago, focusing on “climate, health and health security, digital technology, and gender equity and equality.” 

A year later, at a G7 meeting, B3W had already shrunk to a $600 billion infrastructure-and-investment project. Of course, nothing was built. History really is implacable, it came down to nought. 

The same fate awaits IMEC, for a number of very specific reasons.

Map of The India-Middle East-Europe Economic Corridor (IMEC)

Pivoting to a black void 

The whole IMEC rationale rests on what writer and former Ambassador M.K. Bhadrakumar deliciously described as “conjuring up the Abraham Accords by the incantation of a Saudi-Israeli tango.”

This tango is Dead On Arrival; even the ghost of Piazzolla can’t revive it. For starters, one of the principals – Saudi Crown Prince Mohammad bin Salman – has made it clear that Riyadh’s priorities are a new, energized Chinese-brokered relationship with Iran, with Turkiye, and with Syria after its return to the Arab League. 

Moreover, both Riyadh and its Emirati IMEC partner share immense trade, commerce, and energy interests with China, so they’re not going to do anything to upset Beijing.

At face value, IMEC proposes a joint drive by G7 and BRICS 11 nations. That’s the western method of seducing eternally-hedging India under Modi and US-allied Saudi Arabia and the UAE to its agenda. 

Its real intention, however, is not only to undermine BRI, but also the International North-South Transportation Corridor (INTSC), in which India is a major player alongside Russia and Iran.  

The game is quite crude and really quite obvious: a transportation corridor conceived to bypass the top three vectors of real Eurasia integration – and BRICS members China, Russia, and Iran – by dangling an enticing Divide and Rule carrot that promises Things That Cannot Be Delivered. 

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