Solution:The India-Middle East-Europe Economic Corridor (IMEC) was announced during the G20 Summit in New Delhi (2023).It is a strategic initiative to enhance connectivity and economic integration between India, the Middle East, and Europe through rail and shipping networks.
Countries that signed the MoU include India, the United States, Saudi Arabia, UAE, France, Germany, Italy, and the European Union. Turkiye, however, was not part of this MoU, even though it later expressed interest and criticism regarding being left out.