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India is negotiating all these trade pacts to boost the country's exports and create jobs in the domestic market. It is aiming to take exports of goods and services to USD 2 trillion by 2030.
It will be the first in-person gathering of the IPEF, created by the U.S. to counter China's ascendance in the region.
Participants in the talks aim to declare the start of formal negotiations to establish new rules for the 21st century economy based on democratic values.
AMCHAM delegation discusses economic partnership, IPEF with Biden officials, lawmakers
Vietnam will soon decide on whether it will officially engage in the United States’ fresh economic cooperation framework which is hoped to help increase both economies’ investment and trade ties.