Quad moving ahead with a constructive agenda for Indo-Pacific: PM Modi
The mutual trust and determination among the Quad member countries is giving new energy to democratic forces and encouraging a free, open and inclusive Indo-Pacific, Prime Minister Narendra Modi said here on Tuesday at the second in-person summit of the four-nation grouping.
''We have increased coordination in areas of vaccine delivery, climate action, supply chain resilience, disaster response, economic cooperation and adverse situations arising out of COVID-19 pandemic,'' he said.
The summit is taking place at a time when relations between China and the member countries of the Quad have become tense in the last few years with Beijing increasingly challenging democratic values and resorting to coercive trade practices.
In line with its long-term vision for the region, Biden on Monday launched the ambitious Indo-Pacific Economic Framework for Prosperity (IPEF), which is an initiative aimed at deeper cooperation among like-minded countries in areas like clean energy, supply-chain resilience and digital trade.
The rollout of the IPEF is expected to send across a signal that the US is focused on pushing forward a strong economic policy for the region to counter China's aggressive strategy on trade in the region.
Attending the event to launch the IPEF, Prime Minister Modi said that the announcement of IPEF is a declaration of a collective desire to make the Indo-Pacific region an engine of global economic growth.
The prime minister also called for finding common and creative solutions to tackle economic challenges of the Indo-Pacific region.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)