- With the help of this initiative, they will mainly focus on four areas the digital economy, supply chains, infrastructure projects and clean energy, and tax and anti-corruption measures.
- This helps to develop a common and create solutions to counter regional economical challenges.
- Apart from India, there are a total of 13 countries that support this initiative including Australia, Brunei, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Thailand, and Vietnam.
- The total amount of GDP of member countries accounts for 40% of the global GDP.
- The Indo-Pacific region is considered to have a centre of manufacturing, economic activities, trade, and investments. by joining this initiative India can develop its global outreach and strengthen its economic partnership.
- This initiative helps partner countries to build high-standard, inclusive, free, and fair trade commitments and also promotes sustainable and inclusive economic growth.
Question:
Q.1 Which of the following country is not a member of the Indo-Pacific Economic Framework?a. India
b. Australia
c. Brunei
d. China
