Indo-Pacific Economic Framework

Indo-Pacific Economic Framework

Indo-Pacific Economic Framework for Prosperity (IPEF) is an economic initiative launched by United States President Joe Biden on May 23, 2022. The framework launched with a total of fourteen participating founding member nations, with the late entry of Fiji, the first South Pacific Island to join, with an open invitation for other countries to join at any time. The initiative is intended to be a precursor for later negotiations, as it does not include a uniform lowering of tariffs. The four themes of the proposed IPEF are:

Comment
enIndo-Pacific Economic Framework for Prosperity (IPEF) is an economic initiative launched by United States President Joe Biden on May 23, 2022. The framework launched with a total of fourteen participating founding member nations, with the late entry of Fiji, the first South Pacific Island to join, with an open invitation for other countries to join at any time. The initiative is intended to be a precursor for later negotiations, as it does not include a uniform lowering of tariffs. The four themes of the proposed IPEF are:
Depiction
20220523 Fumio Kishida and Joe Biden 24.jpg
20220523 Fumio Kishida and Joe Biden 25.jpg
Indo-Pacific Economic Framework nations.png
Established
23 May 2022
Founding date
23 May 2022
Has abstract
enIndo-Pacific Economic Framework for Prosperity (IPEF) is an economic initiative launched by United States President Joe Biden on May 23, 2022. The framework launched with a total of fourteen participating founding member nations, with the late entry of Fiji, the first South Pacific Island to join, with an open invitation for other countries to join at any time. Biden described the initiative as "writing the new rules for the 21st century economy", stating that the agreement would make the participant's economies "grow faster and fairer". Commerce Secretary Gina Raimondo argued that the framework constituted "the most significant international economic engagement that the United States has ever had in this region". Analysts have compared it to the Trans-Pacific Partnership which the United States withdrew from in 2017. The initiative is intended to be a precursor for later negotiations, as it does not include a uniform lowering of tariffs. The four themes of the proposed IPEF are: 1. * Fair and resilient trade 2. * Supply chain resilience 3. * Infrastructure, clean energy, and decarbonization 4. * Tax and anti-corruption
ImageMap
enIndo-Pacific_Economic_Framework nations.png
Is primary topic of
Indo-Pacific Economic Framework
Label
enIndo-Pacific Economic Framework
Link from a Wikipage to another Wikipage
Anti-corruption
Category:International economic organizations
Clean energy
Decarbonization
File:20220523 Fumio Kishida and Joe Biden 24.jpg
File:20220523 Fumio Kishida and Joe Biden 25.jpg
Foreign Minister of the People's Republic of China
Gina Raimondo
Gross domestic product
Indonesia
Indo-Pacific
Joe Biden
Mahathir Mohamad
Ministry of Commerce and Industry (India)
Ministry of External Affairs (India)
Piyush Goyal
Prime Minister of Malaysia
Regional Comprehensive Economic Partnership
Supply chain resilience
Taiwan
Taiwan News
Tariff
The Hill (newspaper)
Trans-Pacific Partnership
United States Secretary of Commerce
Wang Yi (politician)
LinkingName
enthe Indo-Pacific Economic Framework for Prosperity
MapCaption
enMembers of IPEF
Membership
en14 countries
Membership
14
MembershipType
enMembership
Name
enIndo-Pacific Economic Framework for Prosperity
Name
enIndo-Pacific Economic Framework for Prosperity
enthe Indo-Pacific Economic Framework for Prosperity
OrgType
enEconomic initiative
SameAs
GQi7Q
Khuôn khổ kinh tế Ấn Độ Dương – Thái Bình Dương
Q20983984
המסגרת הכלכלית האינדו-פסיפית
الإطار الاقتصادي لمنطقة المحيطين الهندي والهادئ
กรอบความร่วมมือทางเศรษฐกิจอินโด-แปซิฟิก
インド太平洋経済枠組み
印度-太平洋經濟框架
인도-태평양 경제 프레임워크
Subject
Category:International economic organizations
Thumbnail
Indo-Pacific Economic Framework nations.png?width=300
WasDerivedFrom
Indo-Pacific Economic Framework?oldid=1122716312&ns=0
WikiPageLength
12719
Wikipage page ID
70817529
Wikipage revision ID
1122716312
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