European Commission President Ursula von der Leyen calls the plans “historic”. The new rail link will speed up trade between the EU and India by 40 percent, she said.
President Biden also talked about a “historic” economic path. The Memorandum of Understanding was signed by the US, India and the European Union as well as by Saudi Arabia and the United Arab Emirates.
Rail and shipping lines between Europe and India via the Middle East need to transport goods faster.