What is the Indo-Pacific Economic Framework for Prosperity (IPEF)?

July 19 Indo-Pacific Economic Framework (IPEF) was launched by the US in 2022 as a significant step towards establishing free and fair trade with the nations of the Indo-Pacific region. Presently, there are 13 member countries in this framework including India which account for 40% of the global GDP and 28% of the global trade.   Through this initiative, the IPEF partners aim to contribute to cooperation capability, prosperity, development, and peace within the region. Moreover, it is aiming towards advancing resilience, sustainability,...