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.
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.