Ministers from the 14 countries participating in the Indo-Pacific Economic Framework (IPEF) have agreed to collectively invest at least $120 billion by 2030 to promote renewable energy and energy storage technologies. This commitment was made during an online ministerial meeting held on March 14, as the IPEF member nations aim...
India’s Bilateral Trade Agreements Boost its Economy
Among other factors, a country’s economic health is determined by trade flows. The movement of goods across countries forms the backbone of international trade. Small and medium businesses account for about half of India’s merchandise exports. This underlines the significance of the estimated 60 million micro, small and medium enterprises...
India Joins Three of Four IPEF ‘Pillars’
India's minister for Commerce and Industry, Piyush Goyal, attended the first in-person ministerial meeting of the two-day Indo-Pacific Economic Framework (IPEF), which concluded in Los Angeles on September 10. The framework is structured around four pillars relating to trade, supply chains, clean economy, and fair economy. India has chosen to...
U.S. Commerce Launches IPEF Upskilling Initiative to Train 7 million women
The U.S. Department of Commerce and the Office of the U.S. Trade Representative (USTR) launched the IPEF Upskilling Initiative, in support of the objectives of the Indo-Pacific Economic Framework (IPEF). The Initiative will be a public-private endeavor to support sustainable and inclusive economic growth by providing primarily women and girls in...
U.S. Treasury Official Visits India to Enhance Bilateral Economic Ties
On August 24 and 25, Deputy Secretary of the Treasury Wally Adeyemo traveled to Mumbai for meetings with private sector representatives, and India's central bank. In Mumbai, the Deputy Secretary met with the Reserve Bank of India Governor Shaktikanta Das to discuss global economic developments and the U.S. India Economic...
Biden Launches the Indo-Pacific Economic Framework
On May 23 during President Biden's first Asia tour, he revealed Washington’s long-awaited Asia-Pacific economic strategy: the Indo-Pacific Economic Framework for Prosperity (IPEF). "The future of the 21st century economy is going to be largely written in the Indo-Pacific — in our region," the President said. Along with a dozen...