{"id":10938,"date":"2023-05-16T06:20:04","date_gmt":"2023-05-16T00:50:04","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=10938"},"modified":"2025-03-29T23:35:22","modified_gmt":"2025-03-29T18:05:22","slug":"about-indo-pacific-economic-framework-for-prosperity-ipef","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/about-indo-pacific-economic-framework-for-prosperity-ipef\/","title":{"rendered":"About Indo-Pacific Economic Framework for Prosperity (IPEF)"},"content":{"rendered":"<h2><strong>About Indo-Pacific Economic Framework for Prosperity (IPEF):<\/strong><\/h2>\n<ul>\n<li>It is an <strong>economic initiative launched by United States<\/strong> President on May 23, 2022.<\/li>\n<li>IPEF has <strong>fourteen member states<\/strong>: <strong>Australia, Brunei, Fiji, India<\/strong>, I<strong>ndonesia, Japan, South Korea, <\/strong>Malaysia, New Zealand, Philippines, Singapore, Thailand, United States and Vietnam.<\/li>\n<li>This framework is <strong>intended to advance resilience, sustainability, inclusiveness<\/strong>, economic growth, fairness, and competitiveness <strong>for member economies<\/strong>.\u00a0<\/li>\n<li>The forum <strong>seeks to go beyond traditional free trade agreements and work on<\/strong> the issues of <strong>supply chains, clean energy, decarbonisation, infrastructure<\/strong>, and tax and anti-corruption.<\/li>\n<li>The initiative <strong>aims to contribute to cooperation, stability, prosperity<\/strong>, development, and peace <strong>within the Indo-Pcific region<\/strong>.<\/li>\n<li>This framework will <strong>offer tangible benefits that fuel economic activity and investment<\/strong>, promote sustainable and inclusive economic growth, and benefit workers and consumers across the region.\u00a0<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1)\u00a0What is the Supply Chain Resilience Initiative (SCRI)?<\/h3>\n<p>The Trade Ministers of India,Japan and Australia formally launched the Supply Chain Resilience initiative on 27.04.2021.The SCRI aims to create a virtuous cycle of enhancing supply chain resilience with a view to eventually attaining strong, sustainable, balanced and inclusive growth in the region.<\/p>\n<p><strong>Source:\u00a0<\/strong><a href=\"https:\/\/www.financialexpress.com\/economy\/explainer-ipefs-advance-tariff-notice-proposal\/3089070\/\" target=\"_blank\" rel=\"nofollow noopener\"><u>Explainer: IPEF\u2019s advance tariff notice proposal<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IPEF is an economic initiative launched by United States President on May 23, 2022.<\/p>\n","protected":false},"author":5,"featured_media":10939,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-10938","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/10938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=10938"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/10938\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/10939"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=10938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=10938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=10938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}