: India, 12 other countries join Indo-Pacific Economic Framework #IndiaNEWS United States President Joe Biden on Monday announced that 13 countries have signed up to its Indo-Pacific Economic Framework.The

@IndiaNEWS

Posted in: #IndiaNEWS

India, 12 other countries join Indo-Pacific Economic Framework #IndiaNEWS
United States President Joe Biden on Monday announced that 13 countries have signed up to its Indo-Pacific Economic Framework.The members of the framework are the US, Australia, Brunei, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and Vietnam, the White House said in a statement.Together, the partner countries represent 40% of world gross domestic product, it said.“The United States is an Indo-Pacific economic power, and expanding US economic leadership in the region is good for American workers and businesses – as well as for the people of the region,� the White House said. “IPEF will enable the United States and our allies to decide on rules of the road that ensure American workers, small businesses, and ranchers can compete in the Indo-Pacific.�The statement said that the top item on the agenda of the framework is to tackle inflation.“This framework will help lower costs by making our supply chains more resilient in the long term, protecting us against costly disruptions that lead to higher prices for consumers,� it added.Since Biden took charge as president last year, he has been pushing for trade alliances that were weakened under his predecessor Donald Trump’s regime, AFP reported.The Indo-Pacific Economic Framework intends to offer partner countries an opportunity to counter China’s rising...Read more

Intraday stocks under 50 NSE India Twitter of India

Vote Up Vote Down

Login to post a comment!