India to be part of 4-country forum on economic cooperation

India, United States, Israel and the UAE have decided to form a forum for future economic cooperation and to explore possibilities of joint infrastructure projects in the fields of transportation, technology, maritime security, and economics and trade.

External Affairs Minister S Jaishankar, who is on a five-day visit of Israel, accompanied his Israeli counterpart YairLapid in a virtual meeting on Monday with US Secretary of State Antony Blinken and United Arab Emirates Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan, in which the four leaders also exchanged views on shared issues of concern in the region, an official statement said.

“A fruitful first meeting with Israeli APM and FM YairLapid, UAE FM Sheikh Abdullah bin Zayed Al Nahyan and US Secretary of State Antony Blinken this evening. Discussed working together more closely on economic growth and global issues. Agreed on expeditious follow-up,” Jaishankar said in a tweet after the meeting.

“The ministers decided to establish an international forum for economic cooperation,” said a statement issued by the Israeli Foreign Ministry.

At the end of the meeting, it was decided that each minister will appoint senior-level professionals to a joint working group that will formulate options for cooperation in the areas identified by the ministers, it said.

The intention is to hold an in-person meeting of the ministers in the coming months at ‘Expo 2020’ in Dubai, the statement said.