The first I2U2 summit took place on 14 July 2022. The 4 nations discussed food security and other concerns related to food. The meeting though brief stuck to the vision and mission formed.
On July 14, the first summit was conducted virtually. The summit was attended by the leaders of the 4 nations. Prime Minister Narendra Modi from India, Yair Lapid Prime Minister of Israel, President of the United States Joe Biden, and UAE’s president Mohammed bin Zayed Al Nahyan. The 4 national leaders focus on the food security crisis and its impact on global economies as well as the measures to be taken by nations.
The I2U2 summit was formed in October 2021 by the four nations. India, Israel (I2), and US and UAE (U2). The partnership with these countries has developed over the years and the formation of the union will prove beneficial to all four nations. India has benefitted from each of the three countries in the last three years and their friendship with them has helped our government.
The vision of the I2U2 summit is ‘to be progressive and practical’. The implementation of the decisions made should be smoothened and done to solve the major economic issues. As stated by PM Narendra Modi, the cooperative framework formed is a good model and will result in practical cooperation during economic uncertainties. The joint investment by the four nations will focus on six important areas namely: water, transport, health, energy, space, and health security.
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President Joe Biden mentioned the strength of the union and appreciated the closeness and concerns. He also discussed the infrastructural developments and also the actions to be taken over the next three years. During the meeting UAE’s president, Mohammed bin Zayed Al Nahyan declared to invest $12 million to develop Food Parks in India. PM Yasir Lapid of Israel stated that the ultimate goal is to ‘change the world for the better and the four nations have common concerns which will help achieve the goals efficiently. Their union will benefit not just the four countries but also the rest of the world.
This was about their first summit. The nations haven’t mentioned their next meeting but have started working on the issues and measures discussed. Surely, these global relations are helping the Indian economy as well as making developmental changes overall.
