The other countries that joined the IPEF ahead of the QUAD leaders' summit in Tokyo are Australia, Brunei Darussalam, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and Vietnam.
But the Biden administration that conceptualised the IPEF diluted the language of the joint statement to allow more countries to participate in the initiative. The joint statement does not call for launching negotiations for a trade pact. It only promises to begin "collective discussions towards future negotiations" with an ambitious wish list.
This story is from the May 24, 2022 edition of Business Standard.
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This story is from the May 24, 2022 edition of Business Standard.
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