US I2U2 Meeting in New York
Highlights
- I2U2 was formed in October 2021
- It is also called International Forum for Economic Cooperation.
- India, Israel, UAE and US are member countries of I2U2
US I2U2 Meeting: The ‘I2U2’ group of India, Israel, the United Arab Emirates (UAE) and the US have committed to deepen their economic partnership. The group took stock of the progress made in its existing projects related to agriculture and clean energy and also reviewed projects that could potentially help meet the objectives of ‘I2U2’. The group met on the sidelines of the United Nations General Assembly meeting in New York on Tuesday. According to a statement issued by the US State Department, Under Secretary Jose W Fernandez along with Secretary of State for Economic Affairs Dammu Ravi of the Ministry of Foreign Affairs of India, Alon Ushpiz, Director General of the Ministry of Foreign Affairs of Israel, and Ahmed bin Ali Al Sayegh, Foreign Minister of the UAE. meeting is held.
“The group expressed its commitment to deepen the economic partnership between the four countries,” the statement said. It took stock of the progress made in existing projects related to agriculture and clean energy and also reviewed projects that are potentially helpful in meeting the objectives of the group. According to the statement, the ‘I2U2′ group also expressed its hope to determine the way forward based on the leaders’ summit in July. Prime Minister Narendra Modi, US President Joe Biden, Israeli Prime Minister Yair Lapid and UAE President Mohamed bin Zayed Al Nahyan participated in the first ‘I2U2’ summit online in July.
The foreign ministers of India, the US, Israel and the UAE gave shape to the grouping during a meeting in October 2021. ‘I2U2’ stands for ‘India, Israel, United States of America and UAE’.
What is the meaning of I2U2?
I2U2 stands for India (India), Israel, UAE and USA. UAE Ambassador to India Ahmed Albana also called it the ‘West Asian Squad’. In October 2021, a meeting was held between the foreign ministers of the four countries. It was organized when External Affairs Minister S Jaishankar was on a visit to Israel. The group was then named ‘International Forum for Economic Cooperation’. The Ministry of External Affairs, in its press release, said that all the countries have held regular talks to discuss possible areas of cooperation.
What is the purpose of I2U2?
It aims to discuss “to strengthen economic partnership through common areas of mutual interest and trade-investment”. All the countries had named six areas of cooperation by mutual dialogue – water, energy, transport, space, health and food security. There was talk of joint investment in all these areas. With the help of “private sector funds and expertise”, all countries will modernize infrastructure, explore low-carbon avenues for industry, improve public health, and develop key emerging and green technologies, the press release said. will promote development.
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