India joins US-led IPEF for trade in Indo-Pacific
Deccan ChronicleNew Delhi: In the presence of United States President Joe Biden in Tokyo, Prime Minister Narendra Modi on Monday announced India’s partnership in the Indo-Pacific Economic Framework for Prosperity, the US-led economic initiative that has on board the four Quad partners apart from South Korea and New Zealand and seven of the 10 Southeast Asian nations. Modi said that the IPEF was a “declaration of our collective will to make the region an engine of global economic growth” while pushing for “trust, transparency and timeliness” as the three main pillars of resilient supply chains. In his short address at the IPEF launch, PM Modi said, “The Indo-Pacific Economic Framework is a declaration of our collective will to make the region an engine of global economic growth. Therefore, it is essential that we find common and creative solutions for the economic challenges of the region.” New Delhi later said that “India was committed to a free, open, and inclusive Indo-Pacific region and believes that deepening economic engagement among partners is crucial for continued growth, peace, and prosperity.” It said India was keen to collaborate with IPEF partners.