upsc -14 members IPEF

 Indo-Pacific Economic Framework for Prosperity (IPEF) is an economic initiative launched by United States President Joe Biden on May 23, 2022.

IPEF has fourteen member states and represents 40% of world GDP.[2]

  •  Australia
  •  Brunei
  •  Fiji[7]
  •  India
  •  Indonesia
  •  Japan
  •  South Korea
  •  Malaysia
  •  New Zealand
  •  Philippines
  •  Singapore
  •  Thailand
  •  United States
  •  Vietnam
  • The framework is structured around four pillars relating to Trade (Pillar I); Supply Chains (Pillar II); Clean Economy (Pillar III); and Fair Economy (Pillar IV).
  • India opts out of IPEF’s trade pillar

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