The Agreement, signed in November 2023 and effective from February 24, 2024, seeks to enhance supply chain stability, particularly in critical sectors vital for national security, economic stability, and public health.
The agreement came into force on February 24, 2024. Under the Agreement, a Supply Chain Council (SCC) has been set up with the US as Chair and India as Vice-Chair.
Union Commerce and Industry Minister Piyush Goyal, along with 13 other ministers collectively welcomed the imminent entry into force of three landmark IPEF agreements- the Clean Economy Agreement (October 11, 2024), the Fair Economy Agreement (October 12, 2024), and the Overarching Agreem
The IPEF Clean Economy Agreement aims to foster technical cooperation, workforce development, and research collaborations among member nations. Its primary goal is to promote clean energy and climate-friendly technologies, accelerating the collective efforts of IPEF partners toward energy se
The United States and India underscored on Saturday that the Indo-Pacific Economic Framework (IPEF) seeks to advance resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness of the economies of its signatories.
The inaugural virtual meetings of the Supply Chain Council (SCC), Crisis Response Network (CRN), and Labor Rights Advisory Board (LRAB) mark a significant step towards enhanced cooperation among partner countries to strengthen supply chain resilience and competitiveness.
According to a press release by the Ministry of Commerce and Industry, the event, brought together over 60 global investors and financial institutions, showcasing India's burgeoning opportunities in infrastructure, clean economy, and digital transformation.
The IPEF is an economic initiative launched by US President Joe Biden in 2022. The framework was launched with fourteen participating founding member nations in the Indo-Pacific region with an open invitation for other countries to join.
The IPEF was launched in May 2022 and currently includes 14 partners - Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, United States and Vietnam.
Speaking at the 'Quad Think Tank Forum' session of 9th Raisina Dialogue in the national capital on Saturday, Jaishankar delivered a compelling address, outlining three key messages about the Quad's permanence, growth trajectory, and its commitment to global contribution.
The US Department of Commerce on Thursday announced that the Indo-Pacific Economic Framework for Prosperity (IPEF) Supply Chain Agreement will be enforced on February 24, further emphasising that it will promote coordination among the IPEF partners on building efficient, secure and fair supp
Taiwan President Tsai Ing-wen called for support for Taiwan's participation in the Washington-led Indo-Pacific Economic Framework (IPEF) during a meeting with an American business group in Taipei on Tuesday.