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Canada's Foreign Minister Melanie Joly urged China to help keep the Red Sea safe for commerce due to attacks by Iran-aligned Houthis, disrupting trade routes. She also emphasized the need for China to stop aiding Russia in bypassing international sanctions.
The Red Sea strait is crucial for 30 per cent of global container traffic and 12 per cent of global trade. About 80 per cent of India's merchandise trade with Europe passes through this route.
The Suez Canal was in the spotlight recently when the container vessel Ever Given became wedged diagonally across it, causing a massive backlog in shipping traffic. The idea of a canal connecting the Red Sea and the Mediterranean was a dream for many throughout history. The Egyptian Pharoahs, Persians, Romans and Ottomans all saw its potential benefits. The canal offers the shortest sea route between Europe and Asia, making it useful for trade. Eventually a French diplomat, Ferdinand de Lesseps, was given permission by Egypt’s ruler to start working on the project in 1854. Construction star...