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How will the Gaza war affect the Iraqi "path to development"?
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Baghdad Today - Translation
The Economist Intelligence considered today, Thursday (November 16, 2023), that the events in Gaza will affect the possibilities of developing the trade corridor, which was signed between the European Union, India, Saudi Arabia, the Emirates and Israel two months ago, while it considered that the delay of this project will give momentum to the transport project between Russia. And Iran, as well as the Iraqi development path.
The Economic Experts Unit indicated, in a report translated by “Baghdad Today,” that “the Middle East has become a focal point for new Eurasian transport corridors that provide alternative trade routes and geostrategic alliances for countries with regional weight and major international powers.”
She added: “The United Arab Emirates, Saudi Arabia, Jordan and Israel, along with the United States, the European Union and India, signed a memorandum of understanding in September to develop the economic corridor between India, the Middle East and Europe. However, the conflict between Israel and Hamas may affect the prospects for developing the corridor in the long term. ” "The short one."
She indicated that "Iran and Russia are likely to move forward with plans to develop the North-South International Transport Corridor project , which extends from Russia through Iran and beyond from the Iranian port in Bandar Abbas to South Asia, and this center is part of the "Axis to the East" strategy." "which Russia is pursuing, and offers Iran the possibility of becoming a more important transit center in the region."
She noted, "Iraq hopes that Turkey and China will continue to support Iraq's multimodal development path and the large Al-Faw port project that links Iraq and the roads, railways and ports that connect Turkey to the northern end of the Arabian Gulf. Ultimately, the international development path will intersect with the Middle Corridor." “It is another Eurasian transport route that Turkey supports, and it is an essential part of China’s Belt and Road Initiative.”
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