IMEC Gains Renewed Attention as India Pursues Gulf Free Trade Post-EU Deal
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India's Trade Arc: From Mumbai to Marseille, Bypassing China's Influence
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News18•10-02-2026, 14:43
India's Trade Arc: From Mumbai to Marseille, Bypassing China's Influence
•India is strategically building an economic corridor from Mumbai to Marseille, aiming for lower tariffs and improved logistics.
•The recently closed India-EU Free Trade Agreement (FTA) eliminates duties on 90% of Indian goods entering Europe, anchoring the western end of the corridor.
•Formal FTA talks with the Gulf Cooperation Council (GCC) have begun, building on existing deals with UAE and Oman to expand access across the Gulf.
•The India-Middle East-Europe Economic Corridor (IMEC), announced at G20, plans multi-modal connectivity to cut transit times and logistics costs by up to 40% and 30% respectively.
•This integrated strategy aims to create a tariff-light, time-efficient trade spine through West Asia, offering an alternative to China-centric routes and the Suez Canal.