In News
- The Prime Minister of India would attend the first-of-its-kind virtual summit of the I2U2 grouping in July 2022.
I2U2 initiative
- About:
- The new I2U2 grouping of India, Israel, the UAE, and the U.S. will hold its first virtual summit as part of the Biden administration’s efforts to re-energise and revitalise American alliances across the world.
- In the grouping’s name, ‘I2’ stands for India and Israel, whereas ‘U2’ stands for USA and the UAE.
- Focus:
- It is focused on expanding economic and political cooperation in the Middle East and Asia, including through trade, combating climate change, energy cooperation, and coordination on other vital shared interests.
- Significance:
- It empowers partners and encourages them to work more closely together, which will lead to a more stable region .
- The US regards India as a big consumer market as well as a massive producer of high-tech and highly sought-after goods.
- When it comes to Israel’s relationship with the UAE, the United States seeks to strengthen trade and economic connections between the two countries.
- India will get advantage of the Abraham Accords to deepen engagement with Israel without risking its ties with the UAE and the other Arab states.
Source:IE
