• Prime Minister will participate in the first-ever I2U2 Virtual Summit.
• I2U2 initiative is a new grouping of India, Israel, USA and UAE.
• In the grouping’s name, ‘I2’ stands for India and Israel, whereas ‘U2’ stands for USA and the UAE.
• 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’.
• It was also referred as the ‘West Asian Quad’.
• Its aim is to discuss “common areas of mutual interest, to strengthen the economic partnership in trade and investment in respective regions and beyond”.

Six areas of cooperation :

• Water
• Energy
• Transportation
• Space
• Health
• Food security
• The aim is to encourage joint investments in these areas.
• 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.

Model Question

Q. Who among the following are the members of the I2U2 initiative?

1. India
2. Iran
3. USA
4. United Kingdom

Select the correct answer using the code given below :

(a) 1, 2 and 3 only

(b) 3 and 4 only

(c) 1 and 3 only

(d) 1, 2 and 4 only

Answer : C

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