Question
Which of the following statements is/are not true as
regards to the Indo-Pacific Economic Framework (IPEF)? 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. The IPEF was launched in 2021 with a dozen initial partners who together represent 40% of the world GDP. 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”.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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