Ministers from the 14 countries participating in the Indo-Pacific Economic Framework (IPEF) have agreed to collectively invest at least $120 billion by 2030 to promote renewable energy and energy storage technologies. This commitment was made during an online ministerial meeting held on March 14, as the IPEF member nations aim...
IPEF Group, U.S., Sign Supply Chain Resilience Pact
The United States, India, and 12 other members of the Indo-Pacific Economic Framework for Prosperity (IPEF) have signed a supply chain resilience agreement. Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, the US and Vietnam are members of the bloc. Under the...
India Joins Three of Four IPEF ‘Pillars’
India's minister for Commerce and Industry, Piyush Goyal, attended the first in-person ministerial meeting of the two-day Indo-Pacific Economic Framework (IPEF), which concluded in Los Angeles on September 10. The framework is structured around four pillars relating to trade, supply chains, clean economy, and fair economy. India has chosen to...
Biden Launches the Indo-Pacific Economic Framework
On May 23 during President Biden's first Asia tour, he revealed Washington’s long-awaited Asia-Pacific economic strategy: the Indo-Pacific Economic Framework for Prosperity (IPEF). "The future of the 21st century economy is going to be largely written in the Indo-Pacific — in our region," the President said. Along with a dozen...