I2U2 Grouping
About I2U2
- I2U2 stands for India, Israel, the UAE, and the US, and is also sometimes referred to as the ‘West Asian Quad’.
- Back in October 2021, a meeting of the foreign ministers of the four countries had taken place when External Affairs Minister S Jaishankar was visiting Israel. At that time, the grouping was called the ‘International Forum for Economic Cooperation’.
- Its stated aim is to discuss common areas of mutual interest, to strengthen the economic partnership in trade and investment in our respective regions and beyond.
- Six areas of cooperation have been identified by the countries mutually, and the aim is to encourage joint investments in water, energy, transportation, space, health, and food security.
- With the help of private sector capital and expertise, the countries will look to modernise infrastructure, explore low carbon development avenues for industries, improve public health, and promote the development of critical emerging and green technologies.
Why in News?
- Prime Minister Narendra Modi will participate in the first-ever I2U2 Virtual Summit along with the heads of state of Israel, the UAE, and the US.
Reference
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