Why in News ?
Israel-Bahrain Established Diplomatic Relations at a ceremony in Manama as the wealthy Gulf region continues to open up to the Jewish state.
Key Facts
- The United Arab Emirates and Bahrain became only the third and fourth Arab states to agree to normalise ties with Israel, following Israel’s 1979 peace deal with Egypt and a 1994 pact with Jordan.
- Bahrain and Israel will sign a joint communique on the establishment of diplomatic, peaceful and friendly relations, as well as a number of memorandums of understanding in areas of mutual benefit.
- Israeli and Bahraini officials held talks for several hours and inked eight memorandums of understanding (MOU) on visas, trade, agriculture, investments, direct flights, finance and investments.
- Diplomatic note with a formal request for opening an Israeli embassy in Manama.
Israel-Bahrain Established Diplomatic Relations and India
- This historic agreement also brings opportunities for India, which enjoys strong bilateral relations with these developed and thriving economies.
- India will benefit greatly by expanding its cooperation in many areas including health care, energy, agriculture, cyber security, regional security, technology, water and more.
- Israel and India have also been cooperating on joint research and development for rapid testing of Covid-19, as well as new technologies to combat the pandemic.
- India has cultivated lucrative economic links with the UAE and other Gulf countries in fields of energy, IT, infrastructure investment, agricultural trade, etc.
- Advantage of India in manufacturing harmonising with the great vision of India’s of Making in India, for India, and for the world.
- As economic opportunities in the region arise, they will also expand beyond the immediate region to benefit India and Indian Diaspora.
- Besides India has long maintained its position in favour of a mutually acceptable two-state solution for the Israel-Palestine dispute.
Source : The Hindu
GS II : Effect of policies and politics of developed and developing countries on India’s interests, Indian diaspora
Current Affairs Compilation : 19 October 2020