• Fri. Mar 29th, 2024

Prime Minister participates in an event to launch the Indo-Pacific Economic Framework for Prosperity

ByNE India Broadcast

May 23, 2022

Prime Minister Shri Narendra Modi participated in an event in Tokyo today to launch the Indo-Pacific Economic Framework for Prosperity (IPEF). The event saw the presence of President of the USA H.E. Mr. Joseph R. Biden and Prime Minister of Japan H.E. Mr. Kishida Fumio, as well as the virtual presence of leaders of other partners countries viz. Australia, Brunei, Indonesia, Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, and Vietnam.

A Joint Statement was issued on the occasion, 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.

In his comments during the launch ceremony, Prime Minister said that announcement of IPEF is a declaration of a collective desire to make the Indo-Pacific region an engine of global economic growth. India has historically been at the centre of trade flows in the Indo-Pacific region, having the world’s oldest commercial port in Lohtal, Gujarat. Prime Minister called for finding common and creative solutions to tackle the economic challenges of the Indo-Pacific region.

Image

He expressed India’s commitment towards working with all Indo-Pacific countries for an IPEF which is both inclusive and flexible. He underlined that the foundation of resilient supply chains must be 3T’s – Trust, Transparency and Timeliness.

India is committed to a free, open, and inclusive Indo-Pacific region and believes that deepening economic engagement among partners is crucial for continued growth, peace, and prosperity. India is keen to collaborate with partner countries under the IPEF and work towards advancing regional economic connectivity, integration and boosting trade and investment within the region.

NE India Broadcast

NE India Broadcast is a news and media platform, with focus on the Northeastern states comprising of Assam, Arunachal Pradesh, Meghalaya, Mizoram, Manipur, Nagaland, Tripura, Sikkim and Eastern Region West Bengal, Jharkhand, Odisha. You can email us at : neindiabroadcast2021@gmail.com or office@neindiabroadcast.com

Leave a Reply

Your email address will not be published. Required fields are marked *

WP Twitter Auto Publish Powered By : XYZScripts.com