Q.2 What is the significance of the Indo-Pacific Economic Framework (IPEF) for the Indo-Pacific region? What are the challenges it may face? (10 Marks)

Mentor’s comment-
  • https://indianexpress.com/article/opinion/columns/building-on-common-ground-7963518/
  • In the intro, mention the launch of IPEF as US’s de facto foreign economic policy.
  • In the body, mention the backdrop of the Ukraine crisis and fear of the US’s reduced focus on the Indo-Pacific region. In the next part mention that the IPEF is a  framework or a starting point for these Indo-Pacific countries to regulate trade and commerce across four key pillars. Also mention that the IPEF signifies the first multilateral attempt to boost supply chain resilience to ease global inflationary pressures and mitigate the effects of future disruptions. In the challenges mention the clash with the domestic policies, impact on the domestic companies etc.
  • The answer could be concluded by mentioning that IPEF represents the aspirations of the regions and could help transform it economically and help boost the security architecture of the region as well.
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1 year ago

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1 year ago




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