West Asia Quad! PM to attend 1st India-Israel-UAE-US leaders' virtual meet on July 14

New Delhi, July 12: In a major development, leaders of India, Israel, the United Arab Emirates, and the United States are going to hold the 'first I2U2 Leaders Virtual Summit' on July 14. It should be mentioned that I2U2 stands for “I” for India and Israel and “U” for the US and UAE.

 

 

Notably, the summit will be held during Biden's four-day tour of the Middle East. The I2U2 Grouping was conceptualized during the meeting of the Foreign Ministers of the four countries held on October 18 last year. The summit aims to encourage joint investments in six mutually identified areas -- water, energy, transportation, space, health, and food security.

 

According to the Ministry of External Affairs (MEA) statement, " Prime Minister Shri Narendra Modi will be participating in an I2U2 Summit, along with Prime Minister of Israel Yair Lapid, President of the UAE Sheikh Mohamed bin Zayed Al Nahyan and President of the USA Joseph R. Biden. The first Leaders’ Summit of I2U2 will be held virtually on 14 July 2022."

 

 

 

As per the MEA, the Leaders will discuss the possible joint projects within the framework of I2U2 as well as the other common areas of mutual interest to strengthen the economic partnership in trade and investment in our respective regions and beyond. These projects can serve as a model for economic cooperation and offer opportunities for our businesspersons and workers.

 

The MEA said, "Each country also has Sherpa-level interactions regularly to discuss the possible areas of cooperation," adding that it intends to mobilize private sector capital and expertise to help modernize the infrastructure, low carbon development pathways for our industries, improve public health, and promote the development of critical emerging and green technologies.

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