---
title: "Indo-Pacific Economic Framework — Definition & Meaning"
description: "The Indo-Pacific Economic Framework is a US-led initiative launched in 2022, focusing on trade, supply chains, and clean energy among 14 partner economies."
url: "https://modeldiplomat.com/learn/glossary/indo-pacific-economic-framework"
---

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Model Diplomat Research Team · Last reviewed June 22, 2026

TL;DR

- The Indo-Pacific Economic Framework for Prosperity (IPEF) is a US-led plurilateral economic arrangement launched in 2022 covering trade, supply chains, clean energy, and anti-corruption.
- Why did India not join the Trade pillar of IPEF?
- How does IPEF differ from a conventional free trade agreement?
- What are the four pillars of IPEF?
- How does IPEF fit into US Indo-Pacific strategy?

[Civil Service & Diplomatic Exams](https://modeldiplomat.com/learn/civil-services/glossary)Updated June 22, 2026

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## Timeline

1. 23 May 2022

   The Indo-Pacific Economic Framework for Prosperity (IPEF) is a United States-led economic initiative launched by President Joseph Biden in Tokyo on , alongsi…

2. 24 February 2024

   The Supply Chain Agreement was signed in November 2023 and entered into force on — the first of the pillar agreements to become operational — establishing a…

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Example

In May 2022, US President Joseph Biden launched the IPEF in Tokyo with Indian PM Narendra Modi and Japanese PM Fumio Kishida; India joined three of the four pillars but declined the Trade pillar.

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