India had joined Pillars II (Supply Chains) to Pillar IV of the IPEF following its launch on 23 May 2022 jointly with the USA and other 14 partner countries of the Indo-Pacific region to strengthen economic engagement across a critical region comprising 40 per cent of global GDP and 28 per cent of global goods and services trade. India has an observer status in Pillar-I which is trade.
The first-of-its-kind IPEF Supply Chain Resilience Agreement was signed by Commerce and Industry Minister Piyush Goyal along with Ministers from other IPEF partner countries, setting the stage for making supply chains more resilient, robust and well-integrated which can contribute towards economic development and progress of the region as a whole.
The substantial conclusion of negotiations paves the way for establishing a ministerial-level IPEF Council and Joint Commission. The IPEF Council would consider matters affecting the collective operation of the agreements related to the four IPEF pillars, as well as consider the possibility of adding new members or new agreements. The Joint Commission would monitor work under the agreements negotiated under Pillars II-IV, to identify ways to reduce duplication and potential conflicts and enable work between or across those agreements.
While these signal a substantial conclusion of text-based negotiations on the three pillars, Minister Goyal has emphasized - under the Clean Economy (Pillar-III) -- the need for increased collaboration among partners on research and development of innovative and affordable climate-friendly technologies. India is also seeking to prioritize the implementation of the cooperative work programmes envisaged under this pillar, including the hydrogen supply chain initiative and other proposals such as India's proposal for biofuels and e-waste recycling.
Denne historien er fra November 19, 2023-utgaven av The Business Guardian.
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Denne historien er fra November 19, 2023-utgaven av The Business Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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ATISHI TAKES CHARGE AS DELHI'S CM, KEEPS ONE EMPTY CHAIR FOR KEJRIWAL
Atishi expressed confidence in Kejriwal's return as CM, criticizing BJP's attempts to tarnish his image through OW imprisonment.
2020 defamation case filed by BJP leader against Kejriwal, Atishi proceeds
The Rouse Avenue court on Monday listed the defamation case filed against Delhi CM Atishi Marlena, former CM Arvind Kejriwal and others for consideration of arguments on charge.
Gang of auto thieves involved in stealing of high-end vehicles busted
Delhi police have busted a gang of auto lifters which was involved in stealing of high end vehicles in the national capital, it said Monday.
Rau's IAS CEO, coordinator granted interim bail
Earlier, the Delhi High Court had asked the CBI to submit a status report addressing the primary causes of waterlogging in the area and the rainfall data from that day.
Attack on turban during clash at DU's Khalsa College, FIR filed
Two groups of students clashed at Delhi University's Khalsa College, during which a student's turban fell off.
DELHI HIGH COURT: FLIPKART'S 'LATCHING-ON' FEATURE CANNOT BE USED TO SELL COUNTERFEIT PRODUCTS OR MISLEAD GULLIBLE PUBLIC
The court in the case observed that sale of the products by the two individual defendants by passing off their products as those emanating from \"Maharaja\" brand on Flipkart cannot be allowed. The court stated that, the feature of latching-on cannot be used to either sell counterfeit products, or to mislead the gullible public into purchasing products, as emanating from a particular source, when they do not so originate from the said source.
The Supreme Court in the case Suresh Khanderao Chavhanke vs.
The Tirumala Tirupati Devasthanam Trust And Other was hearing the petition filed in wake of controversy regarding the alleged use of adulterated ghee in preparing the laddus at the Tirumala Tirupati Temple.
Delhi Government To Supreme Court: Remission Pleas Stalled Due To Ex-CM Arvind Kejriwal's Incarceration Can Be Processed Now
Earlier, it has been informed by the Delhi Government to the Court that the processing of remission pleas had been stalled because the then CM Kejriwal was unable to sign the necessary files due to his incarceration.
Supreme Court Stays NGT Order Directing Punjab Government To Pay 1,026 Crores For Failure To Treat Sewage Waste
The Supreme Court in the case State of Punjab v.Union of India, UOI observed and has stayed the order of the National Green Tribunal, NGT, wherein the court directed the state of Punjab to pay 1,026 Crores to the Central Pollution Control Board as environment compensation for failure to manage legacy waste and untreated sewage.
Supreme Court Set Aside Order Dismissing FIR Quashing Petition As 'Infructuous' Due To Petitioner's Arrest
The Supreme Court in the case Vidhu Gupta v.State of UP observed and has criticized a decision of the Allahabad High Court, which declared a petition seeking the quashing of an FIR as 'infructuous' solely because the petitioner had been arrested.
