Categories: India

Repercussion on the American Act: India with a big NO for the US trade group

Just a couple of days ago America has cleared FMS for Pakistan with opening gates again on another huge financial support for the nation known as the Global Terror Factory.

Comprehending the hints, India was mulling over reacting on the development. Now the reaction is loud and clear proving India’s unfailing commitment towards its safety and sovereignty.

The new news says India has opted out of trade talks being organized by a US-led group of Asian nations.

The IPEF (Indo Pacific Economic Framework) is an initiative originated by the President Joe Biden’s administration itself aims at deepening ties with Asian nations. The efforts are made in the Trade Group through various issues including trade, supply chains, tax, and climate change.

India’s commerce ministry displays its reluctance finding it of not much use. The Union Commerce Minister Piyush Goyal stated that  the benefits to India are still unclear here from the trade commitments.

Picture on the issues pertaining to the environment, labor and digital trade is still not very clear, he added.

Bharat Express English

Recent Posts

ASEAN-India Alliance: A formidable Force Amidst Shifting Global Dynamics

The bilateral trade between India and ASEAN reached USD 86.9 billion in FY 2020-21, making…

1 year ago

India To Serve As Center For Green Hydrogen

By 2030, there will likely be a demand for more than 100 MMT of green…

1 year ago

How Bhutan’s Cross-Border Railway Connectivity With India Opens New Possibilities

Bhutan is gearing up to establish its first internationally connected cross-border railway with India’s north-eastern…

1 year ago

How Political Stability Under PM Modi Is Rocket-Fuelling New India

Opening his company’s first retail outlets in Mumbai and Delhi in May, Tim Cook, the…

1 year ago

COP28: INDIA’S IMPACTFUL ROLE

India’s robust engagement in COP28 amplifies its powerful message on the world stage. At this…

1 year ago

B20: INDIA’S VISION AND ACTION

The B20’s endeavors are carried out through Task Forces (TFs) and Action Councils (ACs), entrusted…

1 year ago