IPEF

Question 1

What does IPEF stand for ?

Answer 1

Indo Pacific Economic framework

Question 2

Where was IPEF clean energy forum recently held ?

Answer 2

Singapore

Question 3

When was IPEF launched ?

Answer 3

In 2022 at Tokyo

By USA and other partner countries

Note: It is NOT a free trade agreement

Question 4

What about the regional partners of IPEF ?

Answer 4

14 regional partners (India is also one of them)

They represent 40% of global GDP

Question 5

What are the 4 main pillars of IPEF ?

Answer 5

1) Supply chain resilience

2) Clean energy, decarbonization, infrastructure – Catalytic capital fund comes under this

3) Taxation and anti-corruption

4) Fair and resilient trade

Question 6

Did India agree to all 4 pillars ?

Answer 6

Nooo.. Only 3

We did not agree to Fair and resilient trade

Question 7

Which is the nodal agency for IPEF in India ?

Answer 7

Dept of Commerce

Question 8

How many initiatives were taken at Clean energy forum of Singapore ?

Answer 8

8

Main one is IPEF supply chain agreement – came into force in Feb 2024

Fiji, India, Japan, Korea, Singapore and US are parties

Thailand and Malaysia are additional partners