India, Israel, UAE, U.S. decide to launch quadrilateral economic forum

Jaishankar says it was a fruitful first meeting.

October 19, 2021 09:29 am | Updated 08:39 pm IST - NEW DELHI:

External Affairs Minister S Jaishankar paying homage to the victims of the Holocaust in in Jerusalem, on October 18, 2021.

External Affairs Minister S Jaishankar paying homage to the victims of the Holocaust in in Jerusalem, on October 18, 2021.

India, Israel, the United Arab Emirates (UAE) and the United States decided to launch a new quadrilateral economic forum, as External Affairs Minister S. Jaishankar joined his counterparts at a meeting via videoconference from Jerusalem, where he is on a five-day visit.

The quadrilateral, which followed his bilateral meeting with Israeli Alternate Prime Minister and Foreign Minister Yair Lapid, builds on ongoing cooperation between the U.S.-Israel-the UAE after the Abraham Accords last year that saw the UAE and Israel establish diplomatic ties, and the India-Israel-the UAE cooperation that has been launched since then.

Also read: India and the Abraham Accords

Mr. Jaishankar said it was a fruitful first meeting with Mr. Lapid, UAE Minister of Foreign Affairs Sheikh Abdullah Bin Zayed and U.S. Secretary of State Antony Blinken “on economic growth and global issues”.

In an interesting aside, Mr. Jaishankar's travel to Israel is also routed via the UAE, on flights that started as a consequence of the Abraham Accords and the opening of diplomatic missions and flights between them.

Mr. Lapid noted that the grouping had decided to establish an international forum for economic cooperation, and specifically discussed “possibilities for joint infrastructure projects”.

The U.S. State Department said that during the meeting, the four ministers discussed “expanding economic and political cooperation in the Middle East and Asia, including through trade, combating climate change, energy cooperation, and increasing maritime security,” as well as ways to counter the COVID-19 pandemic.

Washington meet

Foreign Ministers of the U.S., Israel and the UAE met in Washington on October 13 to discuss the modalities of trilateral cooperation, and set up two working groups: on religious coexistence and on water and energy.

Business groups in India, the UAE and Israel have also been in talks for cooperation since diplomatic ties were established, and the International Federation of Indo-Israel Chambers of Commerce (IFIIC) has predicted that the potential for agreements, backed by Israeli innovation, the UAE funding and Indian manufacturing, given India’s close ties and strategic partnership with the two other countries, could cross $100 billion by 2030. In the first such venture, a UAE project for robotic solar (panel) cleaning technology was signed by Israeli company Ecoppia that has a manufacturing base in India.

No mention of Palestine

Significantly, neither the quadrilateral meeting, nor the trilateral meeting discussed the issue of Palestine and resuming the “Middle East peace process”, although the Joe Biden administration has expressed support for a “two-state solution”, that is in line with India’s broader position.

On Monday, Mr. Jaishankar and Mr. Lapid held bilateral talks , agreeing to resume long-pending negotiations for a free trade agreement, a mutual recognition agreement on COVID-19 vaccine certificates, beginning with Israeli acceptance of Indian travellers vaccinated with Covishield, and Israel’s joining the International Solar Alliance.

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