Indo-Pacific Economic Framework
The Indo-Pacific Economic Framework (IPEF) is a strategic initiative launched by the United States in 2022 to strengthen economic ties in the Indo-Pacific region. It aims to enhance trade, supply chain resilience, and economic cooperation among member countries, which include nations from Asia and the Pacific.
IPEF focuses on four key pillars: trade, supply chains, clean economy, and fair economy. By promoting collaboration in these areas, the framework seeks to address challenges such as economic security and climate change, while fostering a more inclusive and sustainable economic environment in the Indo-Pacific region.