Prime Minister Narendra Modi will attend the first I2U2 Leaders’ Summit on July 14 with leaders from Israel, the United Arab Emirates and the United States.I2U2 aims to make joint investments in six mutually recognized sectors such as water, energy, transport, space, health and food security.The first I2U2 Leaders Summit will take place today at around 4:00 p.m.
A major topic of the meeting will also be how the partnership between the companies of these four countries can be advanced in order to overcome the great economic challenges. Joining this group of four countries (Quad) has many meanings for India.First, this will be the second quad with the US that India will be a member of.There is currently a quad coalition of India, America, Australia and Japan whose heads met in May 2022.At that meeting, these four countries had announced a grand agenda of economic cooperation and the Indo-Pacific economic framework.What is the I2U2 Summit?I2U2 stands for I2 for India and Israel while U2 stands for USA and UAE .I2U2 is a group of four countries namely India, Israel, USA and United Arab Emirates.These four nations will focus on food security and defense to create a new global standard.At this meeting, the future agenda of six key areas will be discussed.These will mainly include energy and food security.Another important topic of the meeting will be how to advance the partnership between the companies of these four countries to tackle the major economic challenges.The four countries are making efforts to strengthen economic parity partnerships in other areas of interest as well.Member countries will work to carry trade and investment to areas other than their region.The joint statement issued after the meeting will be monitored.
These leaders, including Modi and Biden, will attend the I2U2 meeting
The information from the Indian Ministry of Foreign Affairs on the forthcoming meeting on Tuesday indicates that it is only about economic, social and infrastructure cooperation. The Foreign Ministry has announced that Prime Minister Narendra Modi will attend the first I2U2 meeting, Israel’s Prime Minister Yar Lapid, UAE President Sheikh Mohamed bin Zayed Al Nahyan and US President Joe Biden. The decision regarding I2U2 was made at the meeting of the foreign ministers of the four countries mentioned above on October 18, 2021.After that, Sherpa-level talks between the four countries will also continue on an ongoing basis.