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  • 22 - 9 Ipef

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    Aadesh kumar Soni nayak
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    The document discusses the Indo-Pacific Economic Framework (IPEF), a new economic bloc of 14 countries in the Indo-Pacific region led by the US that aims to establish cooperative economic engagement. India has opted out of the trade pillar of IPEF due to concerns that the higher standards may impact its domestic policy goals and object to discriminating between developing countries. The framework could shift economic cooperation away from dependence on China and address issues like supply chain resilience, clean energy, tax evasion. However, other challenges include the absence of key countries and lack of progress on prior initiatives like the Quad and Belt and Road.

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    22_9 IPEF

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    The document discusses the Indo-Pacific Economic Framework (IPEF), a new economic bloc of 14 countries in the Indo-Pacific region led by the US that aims to establish cooperative economic engagement. India has opted out of the trade pillar of IPEF due to concerns that the higher standards may impact its domestic policy goals and object to discriminating between developing countries. The framework could shift economic cooperation away from dependence on China and address issues like supply chain resilience, clean energy, tax evasion. However, other challenges include the absence of key countries and lack of progress on prior initiatives like the Quad and Belt and Road.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    5 views1 page

    22 - 9 Ipef

    Uploaded by

    Aadesh kumar Soni nayak
    The document discusses the Indo-Pacific Economic Framework (IPEF), a new economic bloc of 14 countries in the Indo-Pacific region led by the US that aims to establish cooperative economic engagement. India has opted out of the trade pillar of IPEF due to concerns that the higher standards may impact its domestic policy goals and object to discriminating between developing countries. The framework could shift economic cooperation away from dependence on China and address issues like supply chain resilience, clean energy, tax evasion. However, other challenges include the absence of key countries and lack of progress on prior initiatives like the Quad and Belt and Road.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 1

    INDO -

    PACIFIC ECONOMIC FRAMEWORK CIPEF)

    India stays out of the the Russia -


    Ukraine war could be an economic
    trade policy pillar of IPEF
    shift from
    tipping point driving
    '

    ,
    a economic

    efficiency to security
    '

    and globalisation to
    '

    regionalisation
    .

    IPEF Christine Lagarde


    →
    economic bloc of 14
    countries in Indo Pacific -

    →
    India , Australia , Brunei , Fiji ,
    Indonesia , Japan Malaysia , ,

    New Zealand , Philippines .


    Vietnam ,
    Singapore south Korea
    , ,

    Thailand q the USA

    Fairtrade
    supply chain resilience
    PILLARS
    clean energy
    Tax a anti corruption MAP 1
    .

    Indo-Pacific

    SIGNIFICANCE

    → an alternative trading arrangement


    → represent 40% Of global'
    GDP
    "
    →
    Cornwall consensus model

    friend shoring
    '
    → '

    IMPLICATIONS FOR INDIA

    POSITIVES OTHER CHALLENGES


    → geopolitical a geo economic importance → Cambodia , Laos .
    Myanmar not part
    economic partnership after withdraw I
    '

    RCEP No 133W , Blue dot


    '

    → → progress on
    outside Chinese dominance Quad plus
    '
    '

    China
    → →
    '
    →
    Decoupling
    address supply chain
    '

    → weapon isation of → Global Mikation


    tax evasion
    →
    intergovernmental cooperation to prevent
    → harness 4th IR

    INDIA OPT OUT OF TRADE PILLAR

    → higher Stds -
    envt , labour ,
    digital trade
    domestic policy WAY FORWARD
    → evolving '

    in India's national interest


    '

    → acting → Atma nirbhar Bharat

    → discriminating developing countries →


    '
    Ease of Doing Business

    →
    China plus one
    '

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