ANI
23 Sep 2022, 00:07 GMT+10
New York [US], September 22 (ANI): Sherpas of four countries of the I2U2 grouping consisting of India, Israel, UAE and the USA held a meeting on the sidelines of United Nations General Assembly in New York and expressed their commitment to deepening the economic partnership.
In the Tuesday meeting, India was represented by Dammu Ravi, Secretary (ER), Ministry of External Affairs; US side by Jose W. Fernandez, US Under Secretary of State; Israeli side by Alon Ushpiz, Director General, Ministry of Foreign Affairs of Israel; and UAE side by Ahmed bin Ali Al Sayegh, Minister of State, United Arab Emirates, an MEA press release read.
The group took stock of the projects identified under I2U2 -- setting up of food parks in India and a hybrid Renewable Energy/battery storage project in Dwarka, Gujarat. It agreed to continue to work closely in line with the outcome of the Leaders' Summit in July 2022.
I2U2 was initially formed in October 2021 following the Abraham Accords between Israel and the UAE, to deal with issues concerning maritime security, infrastructure and transport in the region. At that time, it was called the 'International Forum for Economic Cooperation.' That was referred to as the 'West Asian Quad'.
I2U2 aims to encourage joint investments in six mutually identified areas such as water, energy, transportation, space, health, and food security. In the grouping's name, 'I2' stands for India and Israel, whereas 'U2' stands for the US and the UAE. This is a great achievement which tells the geopolitical changes that happen in the region.
This will not only revitalize and re-energize the system of alliances and partnerships around the world but also stitch together partnerships that did not exist previously or were not utilized to their full extent.This will help the countries in exploring security cooperation among the four nations within the framework of these new groupings.
Each of these countries is a technological hub. Biotechnology, of course, is prominent in each of these countries as well. This initiative offers an opportunity to discuss food security. These countries could cooperate on a number of levels, whether it's technologies, trade, climate, fighting against Covid-19, or even security. (ANI)Get a daily dose of Beijing Bulletin news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Beijing Bulletin.
More InformationBEIJING, China: China's Huawei Technologies is stepping up efforts to challenge U.S. dominance in artificial intelligence hardware,...
SINGAPORE: Singapore has ordered Facebook's parent company, Meta, to block Singaporeans from seeing posts made by three foreigners...
New Delhi [India], May 5 (ANI): The senior management of Manohar Parrikar Institute for Defence Studies and Analyses on Monday refuted...
Ho Chi Minh City [Vietnam], May 5 (ANI): Union Minister of Parliamentary Affairs & Minority Affairs Kiren Rijiju has expressed confidence...
New Delhi [India], May 5 (ANI): With Pakistan-based hackers attacking Indian defence websites, sources said appropriate measures are...
New Delhi [India], May 5 (ANI): In a continued wave of cyber offensives, the account on X 'Pakistan Cyber Force' has revealed that...
TOKYO, Japan: Toyota is taking a fresh step toward autonomous driving by teaming up with Waymo to co-develop new vehicle platforms...
NEW YORK, New York - U.S. stocks were volatile Monday as the focus remained on tariffs, and the perceived lack of trade deals despite...
SEATTLE, Washington: Amazon.com is ramping up its delivery game in rural America, announcing a US$4 billion investment to grow its...
SEATTLE, Washington: Starbucks is shifting course on its store strategy—putting people ahead of machines. The coffee giant announced...
BEIJING, China: China's manufacturing sector lost steam in April, with activity shrinking at the fastest pace in over a year, as new...
SYDNEY, Australia: A key measure of inflation in Australia has cooled to its lowest level in three years, lending weight to expectations...