Corridor and way: competition or convergence?

2016 G20 Hangzhou Summit to India was noted by a number of important initiatives. Announcement of start of a transport corridor "India — Near East — Europe" (IMEC) became one of them. According to the press release of the White house, United States of America, India, Saudi Arabia, United Arab Emirates, France, Germany, Italy and EU signed the memorandum of understanding. President of the United States J. Biden called this agreement "historical", the similar opinion is duplicated in the Indian and European press. Formation of the working groups within 60 days for definition of necessary investments and terms of implementation of the project becomes the following step. It is expected that transport...