G20 New Trade Corridor Promises Enhanced Energy Security

At the G20 summit in India this weekend, the U.S., India, Saudi Arabia and the UEA announced a new trade route that intends to connect India to the Middle East and Europe, with ports and rail, in a direct challenge to China’s Belt and Road ambitions.  The proposed trade route–dubbed by U.S. President Joe Biden as the beginning of a “new era of connectivity”--envisions an eastern corridor that connects India to the Gulf Cooperation Council (GCC) nations and a northern route that connects the GCC to Europe.  While…