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Indo-Pacific Economic Framework
May 24 , 2022
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- 13 countries have joined a new, US-led Asia-Pacific trade initiative names as Indo-Pacific Economic Framework for Prosperity.
- Thirteen countries including US, India, and Japan are part of the trade initiative.
- Others on the starting list of members are Australia, Brunei, Indonesia, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Thailand and Vietnam.
- IPEF is intended to offer US allies an alternative to China's growing commercial presence across the Asia-Pacific.
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