India, Israel, US and UAE agree to establish joint economic forum

In what could mark the emergence of a new Quad, India-USA-Israel-UAE in the first ever meeting of their foreign ministers have explored possibilities for joint infrastructure projects in the fields of transportation, technology, maritime security, economics and trade, as well as for additional joint projects. The ministers decided to establish an international forum for economic cooperation to take forward their maiden dialogue, officials told ET. Informed sources said the grouping's grouping's key focus is on joint economic projects.
Maritime security cooperation in the Western and Southern Indian Ocean Region amid China’s growing maritime ambitions and threats from piracy as well as sea-bound terrorism, measures to boost trade and create businesses through synergies among four nations in post pandemic world, climate change, renewable and non-renewable energy, besides steps to combat Covid-19 dominated the meet held in hybrid mode on Monday night coinciding with the visit of Foreign Minister S Jaishankar to Israel.