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Context: Recently, India joined the US-led Indo-Pacific Economic Framework, along with 13 other countries.
Pillars: The IPEF is built on four modules:
Countries would have to sign up for all of the components within a module but do not have to participate in all modules.
IPEF is seen as a means by which the US is trying to regain credibility in the region after former US President Donald Trump pulled out of the Trans-Pacific Partnership(TPP).
Since then, there has been concern over the absence of a credible US economic and trade strategy to counter China’s economic influence in the region.
By: Shubham Tiwari ProfileResourcesReport error
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