PM Modi underlines 3Ts for resilient supply chains at Indo Pacific Economic Framework
While Speaking at the Indo-Pacific Economic Framework (IPEF) event in Tokyo, PM Narendra Modi said that the member countries must respect the pillars involved in the framework of their partnership. “There should be 3 pillars of Indo-Pacific Economic Framework – Trust, Timeliness, and Teamwork. These 3 pillars will ensure a strong, inclusive, and flexible Indo-Pacific partnership,” PM Modi said.
The IPEF seeks to strengthen economic partnership amongst participating countries with the objective of enhancing resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness in the Indo-Pacific region.
PM Modi said, “India has historically been at the center of trade flows in the Indo-Pacific region, having the world’s oldest commercial port at Lohtal in Gujarat.”
PM Modi also said that India is committed to a free, open, and inclusive Indo-Pacific region and believes that deepening economic engagement among partners is crucial for continued growth, peace, and prosperity. India is keen to collaborate with partner countries under the IPEF and work towards advancing regional economic connectivity, integration, and boosting trade and investment within the region.
The event was also attended by US President Joe Biden, Japanese Prime Minister Fumio Kishida, as well as leaders of Australia, Brunei, Indonesia, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, and Vietnam virtually attended the event.
Prime Minister Narendra Modi arrived in Tokyo on Monday, for a two-day visit to attend the QUAD summit on May 24 at the invitation of Japanese Prime Minister Fumio Kishida.
The Summit is aimed at bolstering cooperation among the member nations of the groups – the US, Australia, India, and Japan – and further discussing developments in the Indo-Pacific region. The QUAD summit is the fourth interaction among the member nations since their first virtual meeting in March 2021.
Ahead of the QUAD summit, PM Modi penned a write-up in the Japanese newspaper, Yomiuri Shimbun regarding the “vibrant relations” between India and Japan. PM Modi shared the write-up on his Twitter handle and noted that the article underscores India and Japan’s “partnership for peace, stability, and prosperity.” The Indian Prime Minister, in his write-up, addressed various types of partnerships maintained by the two nations and also addressed the Indian diaspora in Japan and lauded their contributions to the Japanese economy.
Penned an op-ed on the vibrant relations between India and Japan. Ours is a partnership for peace, stability and prosperity. I trace the journey of our special friendship which completes 70 glorious years. @Yomiuri_Online https://t.co/nXx8y3qiQL
— Narendra Modi (@narendramodi) May 23, 2022
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