Indo-Pacific Economic Framework for Prosperity (IPEF) was launched in May 2022, with now 14 members - Australia, Brunei, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, United States, and Vietnam. IPEF countries account for around 40% of the global GDP and 32% of the world’s population. They comprise 41% of the global output and 28% of the global trade. The study will shed light on the identity of IPEF and will provide recommendations on how the country can better benefit from this new cooperation framework.
Objectives:
To determine how IPEF complements with the national goals
- achieving the SDGs, digital trade, MSMEs, etc.
To identify potential areas of cooperation.
- trade, investment, and economic development cooperation
To identify areas of potential risks.
- strategic challenges, geopolitical positioning