India, US, UAE, and EU Launch IMEC to Counter China's BRI

India, the US, UAE, and EU announced the India-Middle East-Europe Economic Corridor (IMEC) at G20 to counter China's BRI.

The ambitious IMEC project aims to challenge China's economic influence through rail and shipping routes.

IMEC has made China and Turkey nervous despite them being at the G20 New Delhi summit.

Turkey was the first to openly counter the India-Middle East trade corridor plan.

IMEC could shape a new global economic reality as China did with BRI a decade ago.