India Opts Out of Trade Talks With U.S.-Led Indo-Pacific Group

(Bloomberg) — India opted out of trade talks with a U.S.-led group of Asian nations, again avoiding easing access to its markets via a multi-country deal, while moving ahead with the others in areas including supply chains and clean energy.

The South Asian nation was the only participant in the 14-nation Indo-Pacific Economy Framework that didn’t sign on to the group’s negotiation track on trade, according to statements released after two days of meetings in Los Angeles.