Secrecy in IPEF negotiations raises concerns over protection of key interests: GTRI
India, were able to protect their key interests, think tank GTRI said on Sunday. The 14-member IPEF bloc was launched jointly by the US and other partner countries of the Indo-Pacific region on May 23, 2022, in Tokyo. Together, they account for 40 per cent of the world's economic output and 28 per cent of trade.
The framework is structured around four pillars relating to trade, supply chains, clean economy and fair economy. India has joined all the pillars except the trade.
Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, the US, and Vietnam are members of the bloc.
The countries have signed pacts on supply chains, clean economy, and fair economy so far. India signed the clean and fair economy pacts on Sunday.
«The IPEF negotiations have mostly been conducted in secrecy with limited public input, raising concerns about whether member countries, including India, were able to protect their key interests,» the Global Trade Research Initiative (GTRI) said.
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