Q1. Consider the following statements regarding the India-Middle East-Europe Economic Corridor (IMEC):\n1. IMEC was announced at the G20 New Delhi Summit in 2023 as a multimodal connectivity initiative.\n2. Italy is a founding signatory of the IMEC Memorandum of Understanding.\n3. Italy joined IMEC only in 2026 during PM Modi visit to Rome.\nWhich of the statements given above are correct?
Explanation
Statement 1 is correct: IMEC was announced as a multimodal corridor at the G20 New Delhi Summit in September 2023, linking India, the Gulf and Europe via shipping and rail. Statement 2 is correct: Italy was one of the founding signatories of the IMEC Memorandum of Understanding along with India, the United States, Saudi Arabia, the UAE, France, Germany and the European Union. Statement 3 is incorrect because Italy has been a founding signatory since 2023 and did not newly join IMEC in 2026. Hence only statements 1 and 2 are correct.