U.S. wins near-unanimous support for IPEF’s four pillars; only India opts out of trade

LOS ANGELES – All 14 Indo-Pacific Economic Framework for Prosperity countries have joined three of the four pillars, with just one – India – opting out of the fourth, on trade, officials said here on Friday at the close of a two-day ministerial. Ministers from the 14 IPEF countries issued ministerial statements outlining negotiating objectives for the framework’s four pillars, which cover trade, supply chains, clean economy and fair economy. Commerce Secretary Gina Raimondo on Friday lauded the speed at...