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Indo Pacific Economic Framework for Prosperity (IPEF)

About:

  • The Indo-Pacific Economic Framework for Prosperity(IPEF) is an economic initiative launched by U.S. President Joe Biden on May 23, 2022.
  • The framework launched with fourteen participating founding member nations in the Indo-Pacific region with an open invitation for other countries to join.
  • The IPEF has fourteen participating member states, representing around 40% of the world’s GDP
  • Seven members of the IPEF are ASEAN(Association of Southeast Asian Nations) member states.
  • The 14th and most recent entry into the IPEF was Fiji, which was welcomed into the framework on May 27, 2023 as the first Pacific Island nation to join.
  • Including the United States, the following member countries joined in the framework:

Member countries with the four largest GDPs:

Countries in Oceania:

ASEAN member states:

  • Brunei
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • The IPEF has fourteen participating member states, representing around 40% of the world’s GDP.
  • Seven members of the IPEF are ASEAN(Association of Southeast Asian Nations) member states.
  • The 14th and most recent entry into the IPEF was Fiji, which was welcomed into the framework on May 27, 2023 as the first Pacific Island nation to join.
  • Including the United States, the following member countries joined in the framework:

Member countries with the four largest GDPs:

Countries in Oceania:

ASEAN member states:

Syllabus: Prelims

The post Indo Pacific Economic Framework for Prosperity (IPEF) appeared first on Vajirao IAS.

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