Fact sheet: In Asia, President Biden and a Dozen Indo-Pacific Partners Launch the Indo-Pacific Economic Framework for Prosperity

The White House
Short Summary
US President Biden launched the Indo-Pacific Economic Framework for Prosperity (IPEF) with a dozen initial partners: Australia, Brunei, India, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and Vietnam. The IPEF aims to strengthen US ties in this critical region to define the coming decades for technological innovation and the global economy. The fact sheet makes reference to four key visions for the future: (1) connected economy; (2) resilient economy; (3) clean economy; and (4) fair economy.

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