Tokyo
Prime Minister Narendra Modi participated in an event in Tokyo Monday to launch discussions for an Indo-Pacific Economic Framework for Prosperity (IPEF) during which he underlined that the foundation of resilient supply chains must be 3Ts – Trust, Transparency and Timeliness.
The US President Joe Biden led initiative saw the participation of Prime Minister of Japan Kishida Fumio, as well as the virtual presence of leaders of other partner countries viz. Australia, Brunei, Indonesia, Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, and Vietnam.
A Joint Statement was issued, which highlights the key elements envisaged within the IPEF.
The IPEF seeks to strengthen economic partnership amongst participating countries with the objective of enhancing resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness in the Indo-Pacific region, Ministry of External Affairs (MEA) said in a statement.
