December 20, 2022 8:55 PM

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India to host next special negotiation round for Pillars 2-4 of Indo-Pacific Economic Framework

<span style="color: #222222;">Union Commerce and Industry Minister Piyush Goyal has said that Indo-Pacific Economic Framework for Prosperity, will promote inclusive development through the enhancement of trade and investment in the region.<br />''<br />''Mr. Goyal along with U.S. Secretary of Commerce Gina Raimondo and other IPEF partner countries participated in a virtual Ministerial Meeting on Economic Benefits for the IPEF. Mr. Goyal complimented partner countries for taking the initiative in right earnest.<br />''<br />''He extended an invitation to all partner countries for the next special negotiation round for Pillars 2-4 of the IPEF to be hosted by India from the 8th to the 11th of February 2023. He urged members to focus energy on the early harvest of deliverables that can benefit all the members.<br />''<br />''Mr. Goyal also shared with IPEF partners some of India's specific expectations under IPEF. He said that India can contribute towards supply chain resilience in sectors like pharmaceuticals and invited support from members in semiconductors, critical minerals, and clean technologies including innovative projects which can be promoted beyond IPEF in other developing countries. He also drew the attention of partner countries to the need for measures to counter terror financing.<br />''<br />''Secretary Raimondo welcomed India's offer to host the special negotiation round for Pillars 2-4 of IPEF and assured that the US IPEF team would work closely with India in this regard.</span><br />

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