EY Calls for Expansion of IMEC and Indo-Pacific Trade Connectivity

According to EY, ongoing geopolitical tensions and disruptions in West Asia have highlighted the strategic risks associated with overreliance on a limited number of maritime chokepoints for global trade and energy transportation.      The firm said the expansion of IMEC and alternative Indo-Pacific shipping and logistics corridors could help diversify cargo routes, improve trade security, and reduce exposure to disruptions affecting vessel movements through the Strait of Hormuz.      Industry analysts noted that the proposed corridor network could enhance multimodal connectivity linking India with the Middle East, Europe, and other Indo-Pacific markets through integrated port, rail, road, and logistics infrastructure.      EY also emphasised the importance of investments in ports, dedicated freight corridors, digital trade systems, and green shipping infrastructure to support long-term trade growth and improve regional economic integration.      The report comes as shipping lines, exporters, and energy importers continue to closely monitor developments in West Asia amid concerns over freight volatility, insurance costs, and supply chain disruptions linked to regional instability.