![\"Indo-Indo-Pacific](\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2024\/09\/Indo-Pacific-Economic-Framework-for-Prosperity-IPEF-on-clean-and-Fair-economy-300x200.png?resize=750%2C499&ssl=1\")
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Source-<\/strong>\u00a0This post on Indo-Pacific Economic Framework for Prosperity (IPEF) on clean and Fair economy<\/strong> is based on the article \u201cIndia signs US-led IPEF bloc\u2019s clean, fair economy agreements\u201d<\/a> published in The Hindu<\/b>\u00a0on\u00a023rd September 2024<\/strong>.<\/p>\n Recently, India signed agreements under the US-led Indo-Pacific Economic Framework for Prosperity<\/span> (IPEF) on clean and fair economy.<\/p>\n 1. The agreement is to facilitate clean energy development and climate-friendly technology deployment.<\/p>\n 2.\u00a0Aim:<\/strong>\u00a0The clean economy agreement aims to accelerate the efforts of IPEF partners to enhance energy security, mitigate greenhouse gas emissions, and reduce reliance on fossil fuels.<\/p>\n 3. Focus: <\/strong>These agreements focus on strengthening anti-corruption measures and enhancing tax transparency among member countries.<\/p>\n 4. The agreement emphasizes the development of innovative strategies and promotes technical cooperation between member countries to support sustainable energy solutions.<\/p>\n 1. Focus:<\/strong> The fair economy agreement focuses on creating a transparent and predictable business environment<\/span> to boost trade and investment in member markets.<\/p>\n 2. Key areas of the agreement<\/strong>: It includes improving information sharing<\/span>, facilitating asset recovery<\/span>, and strengthening cross-border investigations and prosecutions<\/span>.<\/p>\n 3. Investment Facilitation:<\/strong> A new IPEF Catalytic Capital Fund, with an initial grant of $33 million from countries like Australia, Japan, Korea, and the US, aims to mobilize private investments up to $3.3 billion.<\/p>\n 4. IPGI Investment Accelerator:<\/strong> The IPEF also launched the PGI Investment Accelerator<\/span>, initially funded with $300 million from the US International Development Finance Corporation, to catalyze further investments.<\/p>\n 1. IPEF-<\/strong> It is an economic initiative launched by U.S.A. President Joe Biden in 2022.<\/p>\n 2.\u00a0Objective:<\/strong> It provides a platform for countries in the region<\/span>\u00a0to collaborate on advancing resilient, sustainable, and inclusive economic growth, and aims to contribute to cooperation<\/span>, stability<\/span>, and prosperity in the region<\/span>.<\/p>\n 3.\u00a0Members:<\/strong> It has\u00a014 partners<\/span>\u00a0\u2013 Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, U.S.A. and Vietnam.<\/p>\n 4.\u00a0Nodal agency:<\/strong> Department of Commerce for the IPEF engagements.<\/p>\n 5. The IPEF comprises four pillars of cooperation namely- Trade, Supply Chain, Clean Economy and Fair Economy.<\/p>\n Read more:<\/strong> IPEF\u2019s Clean Economy Investor Forum<\/a><\/p>\n UPSC Syllabus: International agreements\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Source-\u00a0This post on Indo-Pacific Economic Framework for Prosperity (IPEF) on clean and Fair economy is based on the article \u201cIndia signs US-led IPEF bloc\u2019s clean, fair economy agreements\u201d published in The Hindu\u00a0on\u00a023rd September 2024. Why in News? Recently, India signed agreements under the US-led Indo-Pacific Economic Framework for Prosperity (IPEF) on clean and fair economy.… Continue reading Indo-Pacific Economic Framework for Prosperity (IPEF) on clean and Fair economy<\/span><\/a><\/p>\n","protected":false},"author":10366,"featured_media":320114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,164,1236],"tags":[11872,10498],"class_list":["post-311104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-factly-articles","category-international-relations-daily-factly-articles","category-international-organisations","tag-9pm-daily-factly","tag-the-hindu","entry"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2024\/09\/Indo-Pacific-Economic-Framework-for-Prosperity-IPEF-on-clean-and-Fair-economy.png?fit=1280%2C853&ssl=1","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/311104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10366"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=311104"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/311104\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media\/320114"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=311104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=311104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=311104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Why in News?<\/h2>\n
About the Indo-Pacific Economic Framework for Prosperity (IPEF) on clean economy<\/h2>\n
About Fair Economy Agreement<\/h2>\n
About Indo-Pacific Economic Framework for Prosperity (IPEF)<\/h2>\n
![\"India](\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2023\/11\/scaf.jpg?resize=748%2C419&ssl=1\")