Cabinet nod soon for India to join US-led IPEF trade pact
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The Union cabinet may soon take up a proposal from the commerce and industry ministry, seeking approval for India to sign the clean-economy and fair-economy agreements of the Indo Pacific Economic Framework for Prosperity (IPEF). India has already signed Pillar II of IPEF that deals with supply chain. The agreements on clean economy and fair economy will enter into force after at least five IPEF partners complete their internal legal procedures for ratification, acceptance, or approval. IPEF was launched in 2022 and has 14 member countries. India has joined Pillars II to IV of IPEF while maintaining an observer status in Pillar I. The agreement on clean economy aims to accelerate efforts towards energy security, climate resilience, and clean energy deployment. The agreement on fair economy seeks to create a transparent and predictable business environment and combat corruption. The next ministerial meeting of IPEF will be held virtually in September.

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https://www.financialexpress.com/policy/economy-cabinet-nod-soon-for-india-to-join-us-led-ipef-trade-pact-3556674/