2022 US-India trade surpasses $191bn, and India participates in the Indo-Pacific Economic Framework for Prosperity (IPEF).
US views India as a "critical partner" for trade, with total trade surpassing $191bn in 2022. Assistant Commerce Secretary Arun Venkataraman highlighted the Indo-Pacific Economic Framework for Prosperity (IPEF), which India is participating in alongside the US and 12 other countries. The IPEF aims to tackle key issues such as supply chain resilience, clean and fair economies, and efficient tax administration.
May 11, 2024
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