US President Biden, Japanese PM Kishida and Australian PM Albanese.&PM Modi hold bilateral meetings at the Quad summit the ‘Indo-Pacific Economic Framework’ (IPEF) in Tokyo on Monday. a U.S. initiative for trade partnerships in the region, sources confirmed. Modi:”We will also exchange views about developments in the Indo-Pacific region and global issues of mutual interest," PM Modi said in an official statement ahead of the visit.
Briefing the media ahead of the event, U.S. National Security Adviser Jake Sullivan said the IPEF would have a “very wide-ranging membership”, adding significantly, that the programme was “designed to put workers at the centre — American workers,” with a focus on the digital economy, clean energy transition, infrastructure and resilient supply chains.
India has not taken a decision on joining the framework, but is keen to understand the “contours” of the American plan, said an official, confirming that Indian delegates would join the launch of negotiations expected on Monday as well