G7 Summit commits to promote India-Europe corridor
Saturday, 15 June 2024 The G7 countries have committed to promoting the India-Middle East-Europe Economic Corridor (IMEEEC), in what is seen as a boost to the strategic initiative amid tension in West Asia, which may have delayed work on the project. While the Indian govt has started its end of the work on the initiative that was announced on the sidelines of the G20 Leaders Summit in Delhi last year, there are rail links in Saudi Arabia and some other countries that need to be established.
Speaking in Qatar, former President Trump criticized U.S. defense contractors for producing drones at exorbitant prices—contrasting them with Iran’s $35K–$40K drones, which he called fast, cheap, and deadly. Trump recounted asking an American company to replicate Iran’s affordable drones, only to be presented with a $41 million model. His remarks spotlight rising defense spending and Iran’s rapid drone advancement, which has positioned the country as a major military force in West Asia. Trump’s comments reignite debate over U.S. defense efficiency, cost, and competitiveness.
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