Which countries are part of the supply chain resilience agreement signed by India and 12 other IPEF members

India and 12 other IPEF members sign a supply chain resilience agreement.
The supply chain resilience agreement signed by India and 12 other IPEF (Indo Pacific Economic Cooperation) members involves enhancing the security and flexibility of supply chains. The countries that are part of this agreement include: 1. India 2. Japan 3. Australia 4. South Korea 5. New Zealand 6. Vietnam 7. Indonesia 8. Thailand 9. Philippines 10. Malaysia 11. Singapore 12. Papua New Guinea This agreement aims to diversify the supply chains and reduce dependence on a single country or region, particularly in critical sectors such as pharmaceuticals, medical devices, advanced technology, and critical minerals. By collaborating and strengthening supply chains among these countries, the signatories aim to enhance resilience and security in the face of disruptions, natural disasters, and geopolitical challenges. This agreement emphasizes the importance of transparent, free, and open markets, as well as a rules-based trading system for promoting economic growth and stability in the Indo-Pacific region.
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