Consider the following statements with reference to the Indo-Pacific Economic Framework for Prosperity (IPEF) :
1. The IPEF was launched in 2022 by the United States.
2. The IPEF Clean Economy Investor Forum is managed by Invest India.
3. China and India are both founding members of the IPEF.

Which of the statements given above are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3

Question

Consider the following statements with reference to the Indo-Pacific Economic Framework for Prosperity (IPEF) :
1. The IPEF was launched in 2022 by the United States.
2. The IPEF Clean Economy Investor Forum is managed by Invest India.
3. China and India are both founding members of the IPEF.

Which of the statements given above are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3

TutorArc · Accepted Answer

Context: India signed and exchanged the first-of-its-kind agreements focused on Clean Economy, Fair Economy, and the IPEF Overarching arrangement under Indo -Pacific Economic Framework (IPEF) for prosperity, on 21st September, 2024.

Statement 1 is correct: The Indo-Pacific Economic Framework for Prosperity (IPEF) was launched in May 2022 by the United States. It aims to enhance economic cooperation in the Indo-Pacific region, focusing on four pillars: Trade, Supply Chain, Clean Economy, and Fair Economy. It currently has 14 members: Australia, Brunei, Fiji, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, the United States, and Vietnam.

Statement 2 is correct: The IPEF Clean Economy Investor Forum is an initiative under the IPEF to attract investments in sustainable infrastructure, climate technology, and renewable energy projects in the region. This forum is managed by Invest India, India's National Investment Promotion Agency.

Statement 3 is not correct: China is not a member of the IPEF, though some of its neighboring countries, like India and Japan, are part of the framework.

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Consider the following statements with reference to the Indo-Pacific Economic Framework for Prosperity (IPEF) : 1. The IPEF was launched in 2022 by the United States. 2. The IPEF Clean Economy Investor Forum is managed by Invest India. 3. China and India are both founding members of the IPEF. Which of the statements given above are correct? (a) 1 and 2 only (b) 2 and 3 only (c) 1 and 3 only (d) 1, 2 and 3

Indo-Pacific Economic Framework for Prosperity (IPEF)

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