India seeks mutually beneficial early harvest deal under IPEF

India has urged the member-nations of the Indo-Pacific Economic Framework for Prosperity (IPEF) to focus on ‘early harvest deliverables’ that would benefit all countries, the commerce and industry ministry said on Monday.

The ministry’s statement comes in the backdrop of India hosting the second round of negotiations for US led-IPEF in the national capital last week. The round covered in-depth text-based discussions on three pillars–Pillars II (supply chains), Pillar III (clean economy), and Pillar IV (fair economy).

During the negotiation, Commerce and Industry Minister Piyush Goyal talked about some of the common tangible benefits, such as capacity building, technical assistance,