IPEF supply chain pact won’t impact policy space to impose export curbs: Official

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Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, the South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, the US and Vietnam are members of the bloc. (Express File Photo) The supply chain resilience agreement of the Indo-Pacific Economic Framework for Prosperity (IPEF) will not curb New Delhi’s policy space to impose export restrictions, a government official said on Tuesday. Additional Secretary at the commerce ministry, Rajesh Agarwal clarified that the agreement mentioned imposing “unnecessary” export restrictions, but it is caveated and is similar to the World Trade Organization (WTO) provisions and not beyond that. If a country imposes any export...