India expects two more rounds of negotiations for the conclusion of the Indo-Pacific Economic Framework (IPEF) by the end of the year.
While the legal scrubbing of the Supply Chain Agreement – which was finalised in May – is on, discussions are moving fast on the clean economy and fair economy pillars, said people aware of the matter.
The fourth round of IPEF negotiations took place from July 9-15 in South Korea. India is yet to take a call on joining the trade pillar of the IPEF.
“There are two more rounds to go before it gets concluded. Discussions are on for pillars 3 and 4,” said one of the persons, who did not wish to be identified.
Pillar 3 in the IPEF relates to a clean economy while Pillar 4 deals with a fair economy.
