Indo-Pacific Economic Framework for Prosperity (IPEF) organized the Clean Energy Investor Forum in Singapore
Indo-Pacific Economic Framework for Prosperity (IPEF): The Clean Energy Investor Forum in Singapore is getting organized by the Indo-Pacific Economic Framework for Prosperity (IPEF), aimed to attract investments in sustainable infrastructure and renewable energy projects. With participation from key stakeholders, including investors and startups, the forum at to facilitate discussions while discussing innovative solutions to address climate change challenges. Following the Senior Officials and Ministerial meetings in September 2022, IPEF partners agreed on Ministerial Statements outlining objectives for each pillar. Text-based negotiations for the four IPEF pillars began in December, continuing into 2023 with an aggressive schedule. By May 2023, negotiations for Pillar II were substantially concluded, followed by substantial conclusions for Pillars III and IV in November 2023.
Indo-Pacific Economic Framework for Prosperity (IPEF)
Indo-Pacific Economic Framework for Prosperity (IPEF)
The Indo-Pacific Economic Framework for Prosperity (IPEF) is a strategic initiative launched by the United States in May 2022 by by U.S. President Joe Biden aiming to strengthen economic ties and address contemporary economic challenges in the Indo-Pacific region. It serves as a platform for collaboration among 14 partner economies, including Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, the United States, and Vietnam.The framework is built upon four pillars: Trade, Supply Chains, Clean Economy, and Fair Economy. These pillars outline objectives to advance resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness across the region. Through intensive discussions and negotiations, the partners have made significant progress in shaping the framework and reaching consensus on key objectives for each pillar. Recent milestones include the release of final texts for the Clean Economy Pillar, Fair Economy Pillar, and the overarching agreement, as well as the entry into force of the Supply Chain Agreement.
Member countries of the Indo-Pacific Economic Framework for Prosperity (IPEF)
| Category | Member Countries |
|---|---|
| Member Countries with Largest GDPs | India |
| Japan | |
| South Korea | |
| United States | |
| Countries in Oceania | Australia |
| Fiji | |
| New Zealand | |
| ASEAN Member States | Brunei |
| Indonesia | |
| Malaysia | |
| Philippines | |
| Singapore | |
| Thailand | |
| Vietnam | |
| Excluded or Potential Entrant Nations | Canada |
| Taiwan | |
| United Kingdom |
What are the members of Indo-Pacific Economic Framework for Prosperity (IPEF) ?
The Indo-Pacific Economic Framework for Prosperity (IPEF) comprises 14 partner economies, which are:
Australia
Brunei Darussalam
Fiji
India
Indonesia
Japan
Republic of Korea
Malaysia
New Zealand
Philippines
Singapore
Thailand
United States
Vietnam
When do Indo-Pacific Economic Framework for Prosperity (IPEF) organised the Clean Energy Investor Forum ?
The Indo-Pacific Economic Framework for Prosperity (IPEF) organized the Clean Energy Investor Forum recently in Singapore.
What are the main pillars of the IPEF?
The main pillars of the IPEF are Trade, Supply Chains, Clean Economy, and Fair Economy. These pillars outline objectives to advance resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness across the region.
