I2U2 India, Israel, US & UAE to form new bloc

First I2U2 Summit scheduled for July 2022.

India, Israel, the United Arab Emirates, and the United States form a new group called I2U2
In the grouping’s name, ‘I2’ stands for India and Israel, whereas ‘U2’ stands for USA and the UAE.
Aim: To re-energize and reinvigorate American ties around the world.
According to the White House, the group founded as part of the US government’s attempts to revitalize American ties.
Its creation is seen as one of the key dividends of the ‘Abraham Accords’ that saw the normalization of ties between Israel and UAE
Background
- October 2021: A meeting of the foreign ministers of the these four countries took place when Indian Foreign Minister was visiting Israel
- At that time, it was called the International Forum for Economic Cooperation
- The India-Israel-US-UAE grouping mainly deals with issues concerning maritime security, infrastructure, digital infrastructure and transport
- At that time, Ambassador of UAE to India, had referred to the new grouping as the West Asian Quad
About first summit
- The first-ever virtual summit of the I2U2 grouping in July 2022.
- Focus of the Meeting
  - To discuss the food security situation as well as other areas of collaboration especially where UAE and Israel serve as innovation hubs
  - The meet also outline Israel’s increasing integration in to the region

First of its kind Quad like Block in the Middle East
After Indo-Pacific US and Indias partnership in Middle East
Major Blow to Pakistan since UAE will be an active Partner
India is a massive consumer market. It is a massive producer of high-tech and highly sought-after goods as well.
- So, there are a number of areas where these countries can work together, whether its technology, trade, climate, COVID-19, and potentially even security as well.
Biotechnology is also prominent field which Deepens trade and economic ties between these countries
Opportunity to collaborate with innovation hubs like UAE and Israel

Content Source – Indian Express