Question

Which of the following statements is/are not true as regards to the Indo-Pacific Economic Framework (IPEF)?

  1. It is a US-led initiative that aims to strengthen economic partnership among participating countries to enhance resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness in the Indo-Pacific region.
  2. The IPEF was launched in 2021 with a dozen initial partners who together represent 40% of the world GDP.
  3. The IPEF is a Free Trade Agreement (FTA) that allows members to negotiate the parts they want to. The negotiations will be along four main “pillars”.

A 1 only Correct Answer Incorrect Answer
B 2 only Correct Answer Incorrect Answer
C 3 only Correct Answer Incorrect Answer
D 1 & 2 Correct Answer Incorrect Answer

Solution

The IPEF is not a Free Trade Agreement (FTA) but allows members to negotiate the parts they want to. The negotiations will be along four main “pillars”.

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