India, Israel, the United Arab Emirates and the US will hold their first virtual summit in July 2022 as a part of the I2U2 initiative.
Today Current Affairs
I2U2 Initiatives:
Background:
Initially I2U2 was formed following the Abrahamic Agreement between Israel and the UAE in October 2021 to deal with issues related to maritime security, infrastructure and transport in the region.
At that time it was called ‘International Forum for Economic Cooperation’.
It was also called ‘West Asian Quad’.
Introduction : The Hindu Analysis
The I2U2 initiative is a new grouping of India, Israel, USA and UAE.
The ‘I2’ in the group’s name stands for India and Israel, while ‘U2’ stands for the United States and the United Arab Emirates.
This is a major achievement which reflects the geopolitical changes taking place in the region.
It will not only revive and reactivate the system of alliances and partnerships around the world, but will also add to partnerships that did not exist before or were not fully utilized.
Importance:
Security Support : The Hindu Analysis
This will help countries explore security cooperation between the four countries within the framework of these new groups.
Technical Center : The Hindu Analysis
Each of these countries is a technical hub.
Biotechnology is certainly dominant in each of these countries.
Food security : The Hindu Analysis
This initiative provides an opportunity to discuss food security.
Working together in different areas : The Hindu Analysis
These countries can cooperate at many levels, be it technology, trade, climate, fight against COVID-19 or security.
Importance of I2U2 for India:
Benefits from the Abrahamic Pact : The Hindu Analysis
India will get the benefit of the Abraham Accords to strengthen ties with Israel without risking its ties with the UAE and other Arab states.
Market advantage : The Hindu Analysis
India is a huge consumer market. It is also a major producer of high-tech and highly sought-after goods. India will benefit from this grouping.
Alliance : The Hindu Analysis
It will help India to build political and social alliances.
Here we mention all information about I2U2 Initiative Today Current Affairs.
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