{"id":6447,"date":"2023-03-23T04:42:55","date_gmt":"2023-03-22T23:12:55","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=6447"},"modified":"2025-03-27T14:55:38","modified_gmt":"2025-03-27T09:25:38","slug":"indo-pacific-economic-framework-for-prosperity-ipef","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/indo-pacific-economic-framework-for-prosperity-ipef\/","title":{"rendered":"Indo-Pacific Economic Framework for Prosperity (IPEF)"},"content":{"rendered":"<h2><strong>About<\/strong> <strong>Indo-Pacific Economic Framework for Prosperity (IPEF):<\/strong><\/h2>\n<ul>\n<li>Indo-Pacific Economic Framework for Prosperity (IPEF) is an economic initiative launched by United States President Joe Biden on May 23, 2022.<\/li>\n<li><strong>IPEF has fourteen member states:<\/strong> Australia, Brunei, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, United States and Vietnam.<\/li>\n<li>During the Bali Round, discussions covered all <strong>four pillars of the IPEF<\/strong>: <strong>Trade<\/strong> (Pillar I); <strong>Supply Chains<\/strong> (Pillar II); <strong>Clean Economy<\/strong> (Pillar III); and <strong>Fair Economy<\/strong> (Taxation &amp; Anticorruption) &#8211; (Pillar IV).<\/li>\n<li>India participated in the discussions related to Pillars II to IV.\u00a0<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1: What is significance of Pacific ocean?<\/h3>\n<p>The Pacific matters to us all, for our climate and food security. The Pacific makes up half of the Earth&#8217;s Ocean, is home to more marine species than any other ocean basin on the planet, and provides 70% of the global fish catch.<\/p>\n<p><strong>Source:\u00a0<\/strong><a href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=1909680\" target=\"_blank\" rel=\"nofollow noopener\"><strong><u>\u00a0<\/u><\/strong><u>India participates in the Second Indo-Pacific Economic Framework (IPEF) Negotiating Round, Bali, Indonesia, 13-19 March 2023<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indo-Pacific Economic Framework for Prosperity (IPEF) is an economic initiative launched by the USA.<\/p>\n","protected":false},"author":5,"featured_media":6448,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-6447","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\/6447","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=6447"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/6447\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/6448"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=6447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=6447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=6447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}