G7: G-7 committed to India-West Asia-Europe Economic Corridor; Will create open Indo-Pacific on the basis of rule of law

Prime Minister Georgia Meloni said G-7 leaders have expressed strong support for a fair international taxation system through a global minimum tax base. A multilateral convention on global minimum tax is ready to be signed at the technical level. Now it is up to the countries to express their political will. Italy is in support of it. It is expected that it will be adopted soon. In the joint statement issued at the end of the G-7 summit, the group of seven top industrialized countries of the world committed to further promote the India-West-Europe Economic Corridor (IMEC) proposals. Has been. In this statement issued on Friday, it was said that the G-7 is committed to a free and open Indo-Pacific based on the rule of law. Along with this, it was said that to develop transformative economic corridors for quality infrastructure and investment, G-7 will promote important projects of Partnership for Global Infrastructure and Investment (PGII). These include India-West Asia-Europe Economic Corridor as well as Lobito Corridor, Luzon Corridor, Middle Corridor. The statement said that special emphasis will be given on coordination and financing to materialize IMEC. Along with this, the EU Global Gateway, Great Green Wall Initiative and the Mattei Plan launched by Italy for Africa will also be implemented. The India-West Asia-Europe Economic Corridor (IMEC) project envisages a vast road, rail and shipping network between Saudi Arabia, India, the US and Europe to ensure connectivity between Asia, West Asia and the West. Can go. IMEC has been proposed by like-minded countries as an initiative to gain strategic influence in the face of China’s Belt and Road Initiative (BRI). Support for a fair international tax system
Meanwhile, Prime Minister Georgia Meloni said that G-7 leaders have strongly supported a fair international taxation system through a global minimum tax base. global minimum tax.