Jaishankar: West Asia Conflict Slows IMEC Progress, But India-Europe Interest Strong

Speaking at the Munich Security Conference 2026, Jaishankar, in response to a question about the project's progress, noted that US President Donald Trump had expressed enthusiasm for the initiative and said the answer was "kind of yes," though at a slower pace than initially anticipated.

He attributed the delay to the ongoing conflict in West Asia, which shifted regional and international attention toward immediate security concerns.

"It's understandable because there was a big conflict going on in the Middle East and everybody's attention was on that conflict," Jaishankar said.

The External Affairs minister underscored sustained interest in the corridor from both India and Europe. He cited conversations with governments, leaders, and businesses in Mediterranean countries, as well as in Germany and France, describing "a big European interest" matched by "a big Indian interest."

Further, he framed the project as a revival of historic trade linkages between India and Europe.

"There's a big European interest in the IMEC, there's a big Indian interest in the IMEC. We are the two ends of it. remember this is the historical trade route of hundreds if not thousands, of years, so we are trying...," Jaishankar said.

He alluded to German Chancellor Friedrich Merz's remarks at the Munich Security Conference --"coming back from a vacation from history" -- to explain the importance of IMEC at a time when global politics is becoming more competitive, countries are rediscovering the importance of old trade geographies--and reinventing them for the 21st century.

"You know, yesterday I think Chancellor Merz used this 'coming back from a vacation from history' I think when you come back from the vacation, you'll discover IMEC is also part of history, which you need to reinvent," Jaishankar said

Suggesting that Europe is now re-entering a phase of strategic competition and geopolitical realism - shaped by war in Ukraine and intensifying global rivalries, Jaishankar argued that IMEC too is "part of history which you need to reinvent."

The phrase "vacation from history" is often used to describe Europe's post-Cold War period -- a time when many European states assumed major geopolitical conflict and power competition were largely over.

Jaishankar was in conversation with his German counterpart, Foreign Minister Johann Wadephul, on the topic "Navigating Uncertainty: India and Germany in a World in Disarray."

Responding to an audience member who asked how the IMEC would contribute to regional stability in a manner consistent with international law and the two-state solution, Jaishankar clarified that the proposed corridor is primarily an economic and connectivity project and should not be viewed as a mechanism to resolve the Israel-Palestinian issue.

The External Affairs Minister reiterated India's longstanding and well-known position on Palestine and cautioned against conflating political disputes with economic initiatives.

"When we embarked with a set of partners on the IMEC, the purpose was really to address connectivity and logistics issues and improve the economy," he said. "I would be careful mixing up the two issues. The purpose of IMEC is not to solve the Palestinian issue."

He stressed that while both regional stability and Palestinian rights are important, the economic corridor was not intended as a substitute for political negotiations. "Each of those issues is important, but I would not take one as the solution for the other," he added.

The India-Middle East-Europe Economic Corridor (IMEC), unveiled in 2023, comprises an Eastern Corridor connecting India to the Gulf region and a Northern Corridor connecting the Gulf region to Europe. It will include a railway and ship-rail transit network, as well as road transport routes.

Foreign Secretary Vikram Misri, while addressing a special Briefing on the State visit to India of the President of the EU Council, Antonio Costa and the President of the EU Commission, Ursula von der Leyen, in January, touched on the consensus in the India-EU FTA on the fact that the IMEC initiative is one that should be taken forward.

Stating that "Connectivity is a very important thread in the agenda between India and the EU," Misri said that IMEC "was on the agenda, and there was consensus on the fact that the IMEC initiative is one that should be taken forward."

"And we should now graduate from the working-level meetings that have taken place to higher-level meetings, culminating in a summit of the IMEC member countries. So between Europe and India, we are united on this, and we will take this forward with the other collaborators within IMEC," Misri had said in the special briefing.

The IMEC was proposed during the 2023 G20 Summit in New Delhi. Along with India and the United States, Saudi Arabia, the European Union, the United Arab Emirates, France, Germany, and Italy signed a Memorandum of Understanding for the project.

- ANI