I2U2 Sherpas meet on sidelines of UNGA, express commitment to bolster economic ties

ANI
23 Sep 2022, 04:37 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)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sierra Leone Times.

More Information

27 ℃

Mostly Cloudy in Seletar

Business

Section

U.S. stocks close higher on slowing jobs growth report

NEW YORK, New York - Economic data indicating jobs growth could be slowing saw equity markets regain some composure Wednesday ...

Black Hawks to replace Taipan helicopters: Australian defense minister

CANBERRA, Australia: Defense Minister Richard Marles told Nine Network television on September 29 that after a crash in July that ...

Apple's appeal on fines over App Store rejected by Dutch regulator

AMSTERDAM, The Netherlands: This week, Dutch competition regulator, the ACM, rejected an appeal by Apple against fines worth €50 million. ...

Japanese startup develops robot resembling 'Mobile Suit Gundam'

TOKYO, Japan: Tokyo-based startup Tsubame Industries has developed a four-wheeled robot that resembles the "Mobile Suit Gundam" from the popular ...

Gold Rush: Federal Government's bold move to attract Saudi investment in Reko Diq

ISLAMABAD, Pakistan - According to The News, the federal government is considering selling its stake in the Reko Diq project ...

Nasdaq dives 248 points as interest rates reach for the stars

NEW YORK, NEW YORK - U.S. stocks tumbled on Tuesday as interest rates on 10 and 30-year Treasury yields approached ...

Africa

Section