Indo-Pacific Economic Framework For Prosperity Goals: What Role India Likely To Play; Check Out!
India expressed willingness to affix Indo-Pacific Economic Framework for Prosperity (IPEF), a replacement economic initiative led by the United States. The US clarified that IPEF isn't a trade agreement. Thus, it neither seeks to switch the 11-nation CPTPP (Trans-Pacific Partnership) nor the RCEP. The negotiations for the IPEF began on May 24. The primary focus of the negotiation was on four main pillars -- trade, supply chain resiliency, clean energy, and taxes. At the launch of IPEF, PM Modi said that India will work together with other IPEF countries to make an inclusive Indo-Pacific Economic Framework. He expressed confidence that IPEF will cause peace and prosperity within the Indo-Pacific region. One of the roles of IPEF within the Indo-Pacific is going to be to line s...
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