Indo-Pacific Economic Framework for Prosperity (IPEF) 2023 meeting held in San Francisco

Indo-Pacific Economic Framework for Prosperity (IPEF) 2023

Dear Aspirants, EducationBro is here with a Daily Current Affairs Dose. In this session, we will make the candidates aware of the daily current affairs topics, which will improve their general awareness, while also taking care that the candidates should not have any shortage of trending current affairs related to any country and abroad. Today’s Current Affairs topic is Indo-Pacific Economic Framework for Prosperity (IPEF) 2023 meeting held in San Francisco.

Our Daily Current Affairs Dose 2023 will help you to crack the General Awareness section of Banking Insurance SSC Railway UPSC and all government jobs exams.

Indo-Pacific Economic Framework for Prosperity (IPEF) 2023 meeting held in San Francisco

Indo-Pacific Economic Framework for Prosperity (IPEF) 2023: The third Indo-Pacific Economic Framework for Prosperity (IPEF) Ministerial Meeting was held in San Francisco, California on 14 November 2023.

The 3rd edition of IPEF Meeting was hosted by the US. Union Minister for Commerce and Industry, Consumer Affairs Piyush Goyal participated in the Ministerial meeting.

Read Also: Indo-Pacific Regional Dialogue 2023 to be held in New Delhi 

IPEF Partner Countries

Indo-Pacific Economic Framework for Prosperity was launched jointly by the USA and other partner countries of the Indo-Pacific region on May 23, 2022 at Tokyo. IPEF has 14 partner countries including Australia, Brunei, Fiji, India, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam & USA.

Indo-Pacific Economic Framework: Structure

The Indo-Pacific Economic framework is structured around four pillars relating to Trade (Pillar I); Supply Chains (Pillar II); Clean Economy (Pillar III); and Fair Economy (Pillar IV). India has joined Pillars II to IV of IPEF while it has an observer status in Pillar-I.

IPEF 2023 Ministerial Meeting

IPEF 2023 Ministerial Meeting, negotiations under the IPEF Pillar-III (Clean Economy), Pillar IV (Fair Economy) and the Agreement on the Indo-Pacific Economic Framework for Prosperity (which seeks to establish a ministerial-level council and a commission) were substantially concluded.

Aims

Under the Clean Economy (Pillar-III), IPEF partners are aiming to advance cooperation on research, development, commercialization, availability, accessibility, and deployment of clean energy and climate friendly technologies, and facilitate investment towards climate-related projects in the region.

Read Also: India, US Bilateral Air Exercise COPE INDIA 2023 held in Agra

Under the Fair Economy (Pillar-IV), IPEF partners aim to strengthen implementation of effective anti-corruption and tax measures to boost commerce, trade, and investment among IPEF economies.

Static Current Affairs related to the United States for upcoming exams

• Capital of the USA: Washington, D.C.
• Largest City of the USA: New York City
• National Language of the USA: English
• Currency of the USA: United States dollar ($) (USD)
• President of the USA: Joe Biden
• Vice President of the USA: Kamala Harris
• House Speaker of the USA: Mike Johnson
• Chief Justice of the USA: John Roberts
• Total Population 2022 estimate: Neutral increase 333,287,557

Static Current Affairs related to India for upcoming exams

• President of India: Droupadi Murmu 
• Vice President of India: Jagdeep Dhankhar
• Prime Minister of India: Narendra Modi 
• Chief Justice of India: Justice DY Chandrachud
• Lok Sabha Speaker of India: Om Birla 
• Capital of India: New Delhi 
• Largest city of India: Mumbai 
• Official languages of India: Hindi / English 
• Currency of India: Indian rupee (₹) (INR) 
• Total Population of India 2023 estimate: 1,428,627,663 (1st)