The Indo-Pacific Economic Framework for Prosperity is an economic initiative launched by United States President Joe Biden on May 23, 2022, with fourteen founding member countries across the Indo-Pacific region: Australia, Brunei, Fiji, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Thailand, the United States and Vietnam. It was launched with an open invitation for additional countries in the region to join, and it organizes cooperation among its members around shared economic priorities in the Indo-Pacific.
Facts
Geography
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Institution SubtypeInternational Organization (Non-Financial) 1 Sources
1. Indo-Pacific Economic Framework (Wikipedia)
In Group: Economic Communities and Trade Blocs of Asia and the Pacific, LeadQuote, In Group: Economic Communities and Trade Blocs of Asia and the Pacific, Lead
The Indo-Pacific Economic Framework for Prosperity (IPEF) is an economic initiative launched by U.S. President Joe Biden on May 23, 2022.
2. Indo-Pacific Economic Framework for Prosperity (Wikipedia)
WikipediaLead section
The Indo-Pacific Economic Framework for Prosperity (IPEF) is an economic initiative launched by U.S. President Joe Biden on May 23, 2022.
Membership
Member countries with the four largest GDPs: India (partly opted out on the trade pillar) Japan South Korea United States Countries in Oceania: Australia Fiji New Zealand ASEAN member states: Brunei Indonesia Malaysia Philippines Singapore Thailand Vietnam
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