{"id":9528,"date":"2022-05-30T13:40:00","date_gmt":"2022-05-30T08:10:00","guid":{"rendered":"https:\/\/polscienceweb.com\/?post_type=portfolio&#038;p=9528"},"modified":"2022-05-31T13:49:56","modified_gmt":"2022-05-31T08:19:56","slug":"us-president-officially-launched-the-indo-pacific-economic-framework-for-prosperity-ipef-in-tokyo","status":"publish","type":"portfolio","link":"https:\/\/polscienceweb.com\/index.php\/portfolio\/us-president-officially-launched-the-indo-pacific-economic-framework-for-prosperity-ipef-in-tokyo\/","title":{"rendered":"US President officially launched the Indo-Pacific Economic Framework for Prosperity (IPEF) in Tokyo"},"content":{"rendered":"\n<h4 class=\"has-text-align-center wp-block-heading\"><strong>US\u2019 Indo-Pacific Strategy<\/strong><\/h4>\n\n\n<div class=\"has-text-align-center wp-block-post-date\"><time datetime=\"2022-05-30T13:40:00+05:30\">30th May 2022<\/time><\/div>\n\n\n<div style=\"height:22px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<details class=\"wp-block-verse\" style=\"font-size: 18.5px; text-align: justify;\">\n<summary class=\"wo-block-verse\" style=\"font-size: 18.5px; text-align: center;\">Read more<br><br><\/summary>\n\n\n\n<p class=\"wp-block-verse\" style=\"font-size: 18.5px; text-align: justify;\">It is a US-led initiative (<a href=\"https:\/\/polscienceweb.com\/index.php\/portfolio\/us-indo-pacific-strategy\/\">US\u2019 Indo-Pacific Strategy<\/a>) that aims to strengthen economic partnerships among participating countries in the<strong>&nbsp;Indo-Pacific region.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-verse\" style=\"font-size: 18.5px; text-align: justify;\">Nations that joined include Australia, Brunei, Indonesia, Japan, India, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, and Vietnam. Together these represent<strong>&nbsp;40% of the world GDP.&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-verse\" style=\"font-size: 18.5px; text-align: justify;\">The overall Indo-Pacific constitutes 50% population of the world and more than&nbsp;<strong>60% of the global GDP.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-verse\" style=\"font-size: 18.5px; text-align: justify;\">Unlike traditional trade blocs, IPEF won\u2019t negotiate tariffs or market access. The framework will integrate partner countries in<strong>&nbsp;four areas: Trade, Supply Chains, Clean Energy and Tax, and Anti-Corruption.&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-verse\" style=\"font-size: 18.5px; text-align: justify;\">With China increasing its economic heft in Indo-Pacific, IPEF will offer an alternative to China and will help in restoring US influence in the region since its exit from Trans-Pacific Partnership (a free trade agreement among major countries bordering the Pacific Ocean).<\/p>\n\n\n\n<\/details>\n\n\n\n<div style=\"height:19px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-text-align-center\">Source: <a href=\"https:\/\/thewire.in\/economy\/the-what-how-and-why-of-the-indo-pacific-economic-framework\" target=\"_blank\" rel=\"noreferrer noopener\">The Wire<\/a> and <a href=\"https:\/\/commons.wikimedia.org\/wiki\/File:Indo-Pacific_biogeographic_region_map-en.png\" target=\"_blank\" rel=\"noreferrer noopener\">Image<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US\u2019 Indo-Pacific Strategy It is a US-led initiative (US\u2019 Indo-Pacific Strategy) that aims to strengthen&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9527,"comment_status":"closed","ping_status":"closed","template":"","portfolio-category":[428,439,426],"class_list":["post-9528","portfolio","type-portfolio","status-publish","has-post-thumbnail","hentry","portfolio-category-428","portfolio-category-may-2022","portfolio-category-newsfeed"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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