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India surprises by agreeing to talk 'labour' at IPEF

The IPEF is a response of the US to its shrinking economic engagement and clout in East Asia, where the economic influence of China is growing

Shipping lines, Supply chain, supply crisis

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TNC Rajagopalan

3 min read Last Updated : Nov 19 2023 | 11:20 PM IST

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Last week, India, the United States (US) and 12 other member countries of the Indo-Pacific Economic Framework (IPEF) entered into a supply chain resilience agreement (SCRA) that aims to improve coordination and response to supply chain disruptions of the sort witnessed during the Covid-19 pandemic.

The IPEF is a response of the US to its shrinking economic engagement and clout in East Asia, where the economic influence of China is growing. The US is not a party to the mega regional trade agreements in Asia, namely the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP). So,

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Topics : BS Opinion Indo pacific region Supply chain Labourer

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