Indo-Pacific Economic Framework for Prosperity

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The Indo-Pacific Economic Framework for Prosperity is a U.S.-led economic initiative launched in 2022 to deepen trade, supply chain, clean energy, and anti-corruption cooperation among countries across the Indo-Pacific region.

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Statements (54)

Predicate Object
instanceOf U.S.-led initiative
economic initiative
international economic framework
aimsTo counterbalance China’s economic influence in the Indo-Pacific
announcedAt Tokyo
announcedBy President of the United States
announcedIn Japan
countryOfOrigin United States
doesNotInclude market access commitments
tariff reductions
focusesOn clean economy
fair economy
supply chains
trade
foundedBy United States
governedBy participating governments
hasPillar clean economy
fair economy
supply chains
trade
hasPurpose combat corruption and improve tax transparency
deepen economic engagement in the Indo-Pacific region
enhance supply chain resilience
promote clean energy and decarbonization
provide alternative to traditional free trade agreements
set high-standard economic rules in the Indo-Pacific
strengthen economic ties among member countries
inception 2022
23 May 2022
isNot traditional free trade agreement
launchedBy Joe Biden
member Australia
Brunei
linked to: Brunei Darussalam

Fiji
India
Indonesia
Japan
Malaysia
New Zealand
Philippines
Republic of Korea
linked to: South Korea

Singapore
Thailand
United States
Vietnam
linked to: Viet Nam
negotiationStatus under negotiation as of 2024
policyArea anti-corruption
climate policy
economic security
international trade
tax transparency
regionServed Indo-Pacific
linked to: Indo-Pacific region
shortName IPEF
Indo-Pacific Economic Framework

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Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Indo-Pacific region isCentralTo Indo-Pacific Economic Framework for Prosperity
Indo-Pacific Economic Framework for Prosperity shortName Indo-Pacific Economic Framework
linked to: Indo-Pacific Economic Framework for Prosperity
Indo-Pacific Economic Framework for Prosperity shortName IPEF
linked to: Indo-Pacific Economic Framework for Prosperity