I2U2 Flashcards
When was I2U2 formed?
i2U2 was initially formed in October, 2021 following the Abraham Accords.
At that time, it was called the ‘International Forum for Economic Cooperation’.
That was referred as the ‘West Asian Quad’.
I2U2 includes
india,israel and us and uae
FTAs amongst the member countries
bw india and uae
and bw uae and israel
area of cooperation
security cooperation, technology hubs such as biotech, food security and other areas too
name president of UAE
Mohammed bin Zayed Al Nahyan.
Israeli PM
Yair Lapid
other details
https://www.drishtiias.com/daily-updates/daily-news-editorials/i2u2-the-west-quad
REFER
abraham accord purpose
Its stated aim is to discuss “common areas of mutual interest, to strengthen the economic partnership in trade and investment in our respective regions and beyond”.
Six areas of cooperation have been identified by the countries mutually, and the aim is to encourage joint investments in water, energy, transportation, space, health, and food security.
what’s special abou the abraham accords
The Abraham Accord is the first Arab-Israeli peace deal in 26 years mediated by the USA.
I2U2 leaders first virtual summit’s key focus
food security and clean energy
key highlights of the summit
The United Arab Emirates (UAE) announced to invest USD 2 billion in India to develop Food Parks across the country.
India will provide appropriate land for the project and will facilitate farmers’ integration into the Food Parks.
The Grouping declared to support a “hybrid renewable energy project” in Gujarat, consisting of 300 megawatts (MW) of wind and solar capacity.
The project is expected to be another step in India’s quest for “500 GW of non-fossil fuel capacity by 2030”.
The US and Israeli private sectors will be invited to lend their expertise and offer innovative solutions that contribute to the overall sustainability of the projects under the Grouping.
what are food parks
Food Park is a concept that aims at establishing the direct linkages from the farm to processing to consumer markets.
It comprises Collection Centres (CCs) and Primary Processing Centres (PPCs) linked to a Central Processing Centre.
significance of the food parks
Tackles Food Insecurity:
Investments in Food Parks will help maximize crop yields and, in turn, help tackle food insecurity in South Asia and the Middle East.
They are aimed at cutting down “food waste and spoilage”.
India is a major, major food producer in the world.
The focus on food and energy security has acquired urgency in the backdrop of the current military situation in Ukraine that has unleashed cascading negative effects on food, energy and other sectors.
Increase in Income:
Farmers’ income will multiply and they will come on board.
Streamline Agricultural Supply Chains:
India was chosen as the location for the food project because of its proximity to Israel and the UAE that will help in creating a smooth agriculture supply chain.
Oslo accords
The Oslo Accords area pair of agreements between Israel and the Palestine Liberation Organization(PLO): the Oslo I Accord, signed in Washington, D.C., in 1993; and the Oslo II Accord, signed in Taba, Egypt, in 1995.
