IPEF member
India’s joining a new formation, the Indo-Pacific Economic Framework for Prosperity (IPEF), merits a cautious welcome (Editorial, May 25). While the IPEF holds out the hope of prosperity to a country like India, it does have its set of needs, issues and challenges. In various trade negotiations, including WTO, or proposals with regional multilateral arrangements of the past, India did experience significant gaps between promises made at inception and the hard negotiating positions at the table. One has to wait and watch what the future holds in the areas of expected modifications, in labour laws, policy adjustments and exports of essential commodities. Finally, India should not forego its ability to navigate around the vortex of conflicts between two competing global economic powers,
A. Venkata Girija Kumar,