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The Indo-Pacific Economic Framework for Prosperity (IPEF) is an economic initiative launched by U.S. President Joe Biden on May 23, 2022. [ 1 ] [ 2 ] The framework launched with fourteen participating founding member nations in the Indo-Pacific region with an open invitation for other countries to join.
Joe Biden's new economic initiative for the Indo-Pacific region, which is set to be unveiled in the coming days, is being viewed as "a cold war strategy" that will bring "sharp challenges" to ...
The US-led Indo-Pacific Economic Framework (IPEF) marks the latest attempt by Washington to counter China's rising influence in global supply chains, but strong incentives remain for businesses in ...
US President Joe Biden announced on Monday that 12 countries in the Asia-Pacific had joined the US' Indo-Pacific Economic Framework (IPEF), an agreement covering supply chains, digital trade ...
The Biden administration states that it supports a "free and open Indo-Pacific strategy". [36]: 178 In December 2021, Secretary of State Antony Blinken delivered a speech on the United States' approach to the Indo-Pacific in Jakarta. [37] On 23 May 2022, the administration released an Indo-Pacific Economic Framework.
The U.S. strategy in the Indo-Pacific opposes the dominance of any single country, ensuring a balanced geopolitical landscape in the region. [4] Although Bangladesh is not a member of the Indo-Pacific Economic Framework for Prosperity (IPEF), it views the framework as essential for supporting a free, open, peaceful, secure, and inclusive Indo ...
The so-called “compacts of free association” with Palau and the Marshall Islands, along with one for the Federated States of Micronesia, were approved in general by lawmakers earlier this year. But on Tuesday, Biden sent to Capitol Hill the specifics of the $7.1 billion agreements for Palau and the Marshall Islands.
The proposal still has a long way to go before coming into force