Indo-Pacific Economic Framework To Counter China Gains Pace In Quad Summit

Moving to provide an economic alternative to China’s strategic footprint in the Indo-Pacific, India and 12 countries led by the US Monday launched the Indo-Pacific Economic Framework (IPEF) that aims to strengthen economic partnership among participating countries to enhance resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness in the Indo-Pacific region.

In Tokyo, Prime Minister Narendra Modi sat alongside US President Joe Biden, Japanese Prime Minister Fumio Kishida and US Secretary of State Antony Blinken at the launch of the IPEF — New Delhi’s participation at the highest level displayed its commitment to join forces to take on Beijing’s growing assertiveness in the region and beyond.

This economic initiative came a day before the summit of the Quad leaders in Tokyo — the second in-person meeting after the summit in Washington DC last September.

Leaders and officials joined in virtually from Australia, Brunei, Indonesia, Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, and Vietnam. Among the prominent leaders were South Korean President Yoon Suk Yeol, New Zealand Prime Minister Jacinda Ardern, Singapore Prime Minister Lee Hsien Loong, Thailand Prime Minister General Prayut Chan-o-cha and Vietnam Prime Minister Pham Minh Chinh.

#IndoaPacific #IndiaUS #China #EconomicFramework #EconomicPartnership #GlobalTrade

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[sagnikdebsarkar]

Koi bachhi se voicing kara rahe ho kiya... 😅

[Wbliss]

This party has an open invitation but hello, Who is coming ?

[satishpathak]

All participants can do one thing, i.e. free trade .