Los Angeles, Sep 9 (PTI) India will take decisions on different aspects of the Indo-Pacific Economic Framework (IPEF) based on its national interest, Commerce and Industry Minister Piyush Goyal has said.

Earlier, he attended the first in-person ministerial meeting of the IPEF here.

Also Read | Islamabad Police Issue Notice to Former PM Imran Khan for Failing to Appear in Terrorism Case.

Interacting with media on the sidelines of the meeting, he said that there have been useful engagements with the 14 members of the IPEF and the officials from member nations had worked hard to prepare a ground for such fruitful interactions.

He expressed hope that in a day's time, IPEF would finalize a framework within which member nations could interact on different areas of mutual interest.

Also Read | Pakistan Flood: Economic Losses in Flood-Hit Nation Touches USD 18 Billion, Say Reports.

The minister assured that "India will take decisions on different aspects of the frameworks of IPEF based on our national interest".

The IPEF was launched jointly by the US and other partner countries of the Indo-Pacific region on May 23 in Tokyo.

It seeks to strengthen economic partnership among participating countries with the objective of enhancing resilience, sustainability, inclusiveness, economic growth, fairness and competitiveness in the region.

The 14 members of the IPEF are -- Australia, Brunei, Fiji, India, Indonesia, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam and the US.

The framework is structured around four pillars relating to Trade (Pillar I); Supply Chains (Pillar II); Clean Economy (Pillar III); and Fair Economy (Pillar IV).

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)