First I2U2 Leaders Virtual Summit for economic cooperation
By Priti Prakash | PUBLISHED: 13, Jul 2022, 19:47 pm IST | UPDATED: 13, Jul 2022, 20:03 pm IST
Prime Minister Shri Narendra Modi will be participating in an I2U2 Summit, along with Prime Minister of Israel Yair Lapid, President of the UAE Sheikh Mohamed bin Zayed Al Nahyan and President of the USA Joseph R. Biden. The first Leaders’ Summit of I2U2 will be held virtually on 14 July 2022. The I2U2 Grouping (India-Israel-UAE-USA) was conceptualized during the meeting of the Foreign Ministers of the four countries held on 18 October 2021. Each country also has Sherpa- level interactions regularly to discuss the possible areas of cooperation, said an MEA release.
I2U2 is aimed to encourage joint investments in six mutually identified areas such as water, energy, transportation, space, health, and food security. It intends to mobilize private sector capital and expertise to help modernize the infrastructure, low carbon development pathways for our industries, improve public health, and promote the development of critical emerging and green technologies.
The Leaders will discuss the possible joint projects within the framework of I2U2 as well as the other common areas of mutual interest to strengthen the economic partnership in trade and investment in our respective regions and beyond. These projects can serve as a model for economic cooperation and offer opportunities for our businesspersons and workers.