About Accord –
- The Abraham Accords are a joint statement made between Israel, the United States and the United Arab Emirates on August 13, 2020.
- It is the first Arab-Israeli peace deal in 26 years.
- The United Arab Emirates and Bahrain agreed to establish full diplomatic ties with Israel as part of a deal to halt the annexation of occupied land sought by the Palestinians for their future state.
- It was brokered by US President Donald Trump.
- It was initially agreed to in a joint statement by the United States, Israel and the United Arab Emirates (UAE) in 2020.
- Through this, the UAE became the third Arab country, after Egypt in 1979 and Jordan in 1994, to agree to formally normalize its relationship with Israel as well as the first Persian Gulf country to do so.
Opportunities for India:
- This historic agreement also brings opportunities for India, which enjoys strong bilateral relations with these developed and thriving economies.
- India’s ministry of external affairs praised the agreement between Israel and the UAE, defining both as “key strategic partners of India”.
Many potential areas of cooperation:
- As economic opportunities in the region arise with the Abraham Accord, they will also expand beyond the immediate region to benefit even India.
- India will benefit greatly by expanding its cooperation in many areas including health care, energy, agriculture, cyber security, regional security, technology, water and more.