* IPEF - INDO-PACIFIC FRAMEWORK FOR PROSPERITY
*) It Is a Regional Arrangement To Build Cooperation And Economic Integration In The Indo-Pacific Region.
*) It Was Launched By United State President Joe Biden On 23rd May 2022.
*) The Framework Is Intended To Advance Resilience, Sustainability, Inclusiveness, Economic Growth, Fairness And Competitiveness For Member Economies.
*) IPEF Will Seek To Complement And Build On Existing Regional Architecture And Support The Global Rules Based Trading System.
*) 14 Partners Countries Of IPEF -
Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, The Republic Of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, The US, Vietnam.
*) The Economic Framework Broadly Rests On Four Pillars -
a) Trade
b) Supply Chain Resilience
c) Clean Energy, Decarbonisation And Infrastructure
d) Taxes And Anti Corruption Measure.
*) The IPEF Is Not a Free Trade Agreement ( FTA). but It Allows Members To Negotiate The Parts They Want To.
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