May 31, 2022

Two years after walking out of a China-centric free trade pact in Southeast Asia, India is embracing the chance to become a founding member of another grouping — this one led by the U.S.

The launch of the U.S.-led Indo-Pacific Economic Framework in Tokyo during President Joe Biden’s first official trip to Asia last week gives India a chance to make its own pivot to the Pacific.

New Delhi’s move to solidify its alliance with Washington comes amid news that the U.S. overtook China to become India’s largest trade partner in the fiscal year ending March 2022. 

Read more:

https://www.cnbc.com/2022/06/01/india-sees-a-second-chance-to-pivot-to-the-pacific-in-ipef.html