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.
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