LOS ANGELES: What started as “China plus one” – referring to the dire and urgent need of another source country/countries for supply chain after the disruption of the same during COVID – now includes China as well as India. May emerge as 14 countries of the Pacific. region. The Economic Framework (IPEF) of 14 countries in the region began on Thursday with a ministerial meeting in Los Angeles, in which India was represented by a team led by the Union Commerce Minister. Piyush Goyal, The focus is on building a resilient supply chain that protects businesses and jobs in the future by avoiding over-dependence on one country (read China) through clean and green practices in IPEF member countries.
US Secretary of Commerce Gina Raimondo said, “It is time for the US to have a positive economic vision for the region. The 14 member countries represent 40% of the world’s GDP and are among the fastest growing economies in the world.” Some include. We have the supply chain to address challenges related to climate change and create a roadmap for cooperation. We need to eliminate corruption from small businesses through resilient supply chains, clean energy technology and fair economies. And move fast to save jobs. We have to create jobs in our country. There is no limit to what we can do together.”
US Trade Representative (USTR, Catherine Tai Talk about shared preferences. The creation of IPEF was announced by the US President Joe Biden It can. Apart from a virtual and an informal meeting, this is the first time that a ministerial meeting of the framework is being held in person.
“We have to keep the momentum going. We need connectivity and trust between key markets. We have to implement the WTO trade facilitation agreement. We have to streamline the movement of goods across borders to help our farmers, for a sustainable one.” Strong labor and environmental standards have to be put in place. Growth. IPEF’s commitment is to the region. USTR will implement President Biden’s vision that says no country can do this alone. We have to move forward together,” Tai said.
The 14 members of the IPEF include Australia, Brunei, Fiji, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Thailand, the United States and Vietnam. Unlike trade agreements, this framework does not seek to provide greater market access. It has four pillars: a connected economy (trade), a resilient economy (supply chain), a clean economy (green technology), and a fair economy (anti-corruption).
Commerce Minister Piyush Goyal had said on Wednesday, “This is a collective of like-minded countries, where the rule of law is in place to deal with issues like ensuring that there is no future supply chain disruption so that businesses and People are not harmed. It will also discuss taxes and anti-corruption measures. It will try to bring people and countries together to ensure smooth flow of goods and services. It will expand business relations between like-minded countries. who do not indulge in opaque business practices. The idea is to remain safe and open for business at all times.”
US Secretary of Commerce Gina Raimondo said, “It is time for the US to have a positive economic vision for the region. The 14 member countries represent 40% of the world’s GDP and are among the fastest growing economies in the world.” Some include. We have the supply chain to address challenges related to climate change and create a roadmap for cooperation. We need to eliminate corruption from small businesses through resilient supply chains, clean energy technology and fair economies. And move fast to save jobs. We have to create jobs in our country. There is no limit to what we can do together.”
US Trade Representative (USTR, Catherine Tai Talk about shared preferences. The creation of IPEF was announced by the US President Joe Biden It can. Apart from a virtual and an informal meeting, this is the first time that a ministerial meeting of the framework is being held in person.
“We have to keep the momentum going. We need connectivity and trust between key markets. We have to implement the WTO trade facilitation agreement. We have to streamline the movement of goods across borders to help our farmers, for a sustainable one.” Strong labor and environmental standards have to be put in place. Growth. IPEF’s commitment is to the region. USTR will implement President Biden’s vision that says no country can do this alone. We have to move forward together,” Tai said.
The 14 members of the IPEF include Australia, Brunei, Fiji, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Thailand, the United States and Vietnam. Unlike trade agreements, this framework does not seek to provide greater market access. It has four pillars: a connected economy (trade), a resilient economy (supply chain), a clean economy (green technology), and a fair economy (anti-corruption).
Commerce Minister Piyush Goyal had said on Wednesday, “This is a collective of like-minded countries, where the rule of law is in place to deal with issues like ensuring that there is no future supply chain disruption so that businesses and People are not harmed. It will also discuss taxes and anti-corruption measures. It will try to bring people and countries together to ensure smooth flow of goods and services. It will expand business relations between like-minded countries. who do not indulge in opaque business practices. The idea is to remain safe and open for business at all times.”