Indo-Pacific Economic Framework (IPEF) was held from 8 to 11 February 2023 in New Delhi.
India organized a special round of negotiations for the Indo-Pacific Economic Framework (IPEF) in New Delhi in the period 8 to 11 February 2023. The 2nd pillar (supply chain), 3rd pillar (clean economy) and 4th pillar (fair economy) of IPEF were discussed in this round.
About 300 officials from India, United States of America, Australia, Brunei, Fiji, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand and Vietnam participated in the deliberations.
The Chief Negotiators of all IPEF partner countries attended the traditional lamp lighting ceremony along with the Commerce Secretary.
Commerce and Industry Minister called for focus on early harvesting of mutually beneficial deliverables.
Emphasis was placed on common tangible benefits such as technical assistance, investments, innovative projects including capacity building, sharing of expertise and best practices.