Indo-Pacific Economic Framework for Prosperity Current Affairs, GK & News

IPEF: India to join USA’s new initiative

India expressed willingness to join Indo-Pacific Economic Framework for Prosperity (IPEF), a new economic initiative led by the USA. USA clarified that the IPEF is not a free trade agreement (FTA). Thus, it neither seeks to replace the 11-nation CPTPP (Trans-Pacific Partnership) nor the RCEP. When negotiations did begin and what are the focus areas? ..

Month: 

Category: 

Topics: 

Indo-Pacific Economic Framework for Prosperity (IPEF)

On 23rd May 2022, Joe Biden, the President of the United States unveiled a discussion on the Indo-Pacific Economic Framework for Prosperity (IPEF). This discussion has been held with a dozen initial partner countries that also include India. The countries represent 40 percent of the world’s GDP. What is the vision of the Indo-Pacific Economic ..

Month: 

Category: 

Topics: