India opts out of trade talks with a US-led group of Asian nations

Known as IPEF, the initiative is an effort by President Joe Biden's administration to deepen ties with Asian nations through a range of issues including trade, climate change, supply chains and tax

India opted out of trade talks with a US-led group of Asian nations, again avoiding easing access to its markets via a multi-country deal, while moving ahead with the others in areas including supply chains and clean energy.
 

The South Asian nation was the only participant in the 14-nation Indo-Pacific Economy Framework that didn’t sign on to the group’s negotiation track on trade, according to statements released after two days of meetings in Los Angeles.

Known as IPEF, the initiative is an effort by President Joe Biden’s administration to deepen ties with Asian nations through a range of issues including