India may take a cautious stance on the proposed Indo-Pacific Economic Framework (IPEF), details of which will be unveiled by US President Joe Biden at the Quad leaders' summit in Tokyo on Tuesday.
Prime Minister Narendra Modi on Sunday left to attend the second in-person Quad summit, along with his counterparts from the US, Japan, and Australia. Quad is believed to be a forum to strategically counter China's economic and military rise. After the Trump administration decided to exit the Trans-Pacific Partnership (TPP) trade deal, the Biden administration seeks to engage with the Indo-Pacific countries through a fresh economic approach. However, IPEF is not meant to be a traditional free trade agreement where countries are required to cut tariffs, giving each other greater market access. This has led to many Southeast Asian countries questioning its relevance. India has not so far revealed its position on the issue.
Bu hikaye Business Standard dergisinin May 23, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Standard dergisinin May 23, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
Fertility Rates Linked To Education, Wealth
Income levels and the number of years a person spends in school are inversely related to the size of families they decide to raise.
Musk In Beijing In A Bid To Push Tesla Autopilot Tech
Tesla chief executive officer (CEO) Elon Musk arrived in Beijing on Sunday on an unannounced visit, where he is expected to meet senior officials to discuss the rollout of Full Self Driving software and permission to transfer data overseas, according to a person with knowledge of the matter.
Shipping To Shopping, AI Is Making Food Safe
Concerns about food safety rise periodically as more information about the impact of chemicals is revealed.
'Taiwan keen to help India become leader in chip space'
Taiwan is keen to collaborate with India and help it become a leader in the semiconductor space, Jason Ho, chairman of the Taiwan Chamber of Commerce in India, said, asserting that the Taiwanese companies have the supply chain for things that the Indian market needs.
Adani, Tata eye bigger pie in Mumbai power distribution
Battle for high-value customers heats up amid increased EV penetration
No cancer-causing agents in our products: MDH on quality claims
MDH Spices has denied allegations that its products have traces of cancer-causing agent ethylene oxide (ETO), calling them \"untrue\" and \"lacking any substantiating evidence.
RIGHT TO A FUTURE
The apex court has made an 'observation' on the right to be free from the adverse effects of climate change. Can this pave the way to a cleaner future?
How to make insolvency law solvent
The IBC has served the purpose by creating the fear of god among rogue promoters. It's time to plug the loopholes in the law and make the defaulters understand that the IBC isn't just all bark and no bite
Al inside: Tech eases work for IT firms
It simplifies and automates routine tasks and helps employees to focus on the big picture
To fund AI boom, tech plans plumbing upgrade
Microsoft, Meta and Google's parent Alphabet are going to spend billions on infrastructure