Indo-Pacific Economic Framework for Prosperity (IPEF)

Significance

• Better Economic Partnerships: establishing new commercial regulations to promote the economic ties between member nations.
• An Indo-Pacific founded on Rules: creating a free and open Indo-Pacific region that is linked and prosperous, secure and resilient, and has inclusive and sustainable economic growth.
• Boosting Logistics: Increasing the resilience of supply systems to guard against expensive disruptions that raise consumer prices.
• Countering China: IPEF will assist in reducing China's expanding economic and strategic clout in the Indo-Pacific.
• Strengthening Collaboration on Critical Global Issues: such as promoting sustainable energy, reducing carbon emissions, addressing the climate catastrophe, and enforcing effective tax, anti-money laundering, and anti-bribery regimes, ....