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: Current Affairs - May, 2022
Category: International / World Current Affairs
Topics: CPTPP • FTA • Indo-Pacific Economic Framework • Indo-Pacific Economic Framework for Prosperity • IPEF
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: Current Affairs - May, 2022
Category: Events Current Affairs • Summits and Conferences
Topics: Economic growth • Indo-Pacific Economic Framework for Prosperity • Investment Incentive Agreement • U.S. International Development Finance Corporation • Vinay Kwatra