The 14 countries that are part of IPEF include India, Australia, the US, Japan, Fiji, Korea, New Zealand, Singapore and Thailand, and make up for 40% of global gross domestic product and about a third of global goods and services trade.
Under the fair economy pillar, IPEF partners are working on an agreement that will strengthen the implementation of effective anti-corruption and tax measures to boost commerce, trade and investment among IPEF economies.
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India, the US and 12 other members of the Indo-Pacific Economic Framework (IPEF) on Wednesday entered into a supply chain resilience agreement that aims to cut dependence on China and help shift manufacturing of crucial goods…
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