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 curb without giving any justification, that is treated as unnecessary, he clarified.
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