Explained: The new Indo-Pacific bloc

• Integrity Education, Delhi
• 25, May 2022

12 countries including India have agreed to join the Indo-Pacific Economic Framework launched by the US. Why has Washington felt the need for such a framework, and what is in it for those who are part of it?

Prime Minister Narendra Modi, US President Joe Biden and Japan's PM Fumio Kishida attend the Indo-Pacific Economic Framework for Prosperity (IPEF) launch event at Izumi Garden Gallery in Tokyo, Japan, May 23, 2022. (Reuters Photo: Jonathan Ernst)

The Indo-Pacific Economic Framework, launched by United States President Joe Biden on Monday and being joined by 12 other countries including India, is Washington’s answer to the Trans Pacific Partnership (TTP) and its successor agreement, the Comprehensive and Progressive Agreement for TTP (CPTPP), as well as the Regional Comprehensive Economic Partnership (RCEP).

Source: © The Indian Express (P) Ltd