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The US government, in partnership with the government of Japan, is co-sponsoring the fifth Indo-Pacific Business Forum (IPBF) on January 12, 2023. The hybrid event will feature an in-person program in Tokyo and a robust virtual component timed to allow meaningful participation from across Indo-Pacific region.

Government and business leaders from the US, Japan and across the Indo-Pacific will exchange ideas through interactive discussions organized around the theme of inclusive and sustainable growth. The IPBF is an opportunity to discuss our shared ambitions for the Indo-Pacific Economic Framework for Prosperity, as well as our respective priorities for the US APEC hosting year and Japan’s G7 presidency in 2023.

Participants will also be able to explore regional government and business partnerships and commercial opportunities. The IPBF will showcase major private sector investment and government efforts to support market competition, job growth and high-standard development for greater prosperity and economic inclusion in the Indo-Pacific.

Building on productive discussions at the East Asia Summit, APEC Leaders’ Meetings and the G20 Summit, the IPBF promotes a vision for an Indo-Pacific region that is free and open, connected, prosperous, secure and resilient. The Indo-Pacific region will shape the trajectory of the global economy in the 21st century. It is the fastest growing economic region on the planet, accounting for 60 percent of the world economy and two-thirds of all economic growth over the past five years. Together with our Japanese co-hosts, we emphasize our continued commitment to the region and highlight the economic ties that have contributed to regional prosperity and interconnectedness.

The fifth Indo-Pacific Business Forum is supported by the U.S. Trade and Development Agency, U.S. Chamber of Commerce and the U.S.-ASEAN Business Council. Registration and media accreditation will open soon.

For further information, please visit the Indo-Pacific Business Forum website.

What walking out of IPEF’s trade pillar means for India?

Experts said opting out of the trade pillar under IPEF is a step in the right direction so far. See the article : Quad needs American Tech for Indo-Pacific Security. This is because India may not be prepared enough to handle negotiations on issues such as labour, environmental standards and digital trade.

Is India a part of IPEF? The only RCEP members not also included in the IPEF are China, Myanmar, Cambodia and Laos; while non-RCEP members are the US, India and Fiji.

Why did India walk out of IPEF?

India will not fall for deception. Accordingly, India last week walked away from the joint statement on the trade pillar at the IPEF’s first ministerial meeting in Los Angeles, where Union Commerce Minister Piyush Goyal expressed concern over apparent discrimination against developing economies.

Did India pull out IPEF?

And its joint statement was on the expected lines. India decided to join three pillars of IPEC. See the article : The Raiders are not going to trade Josh Jacobs, despite the high number of preseason rankings. These relate to supply chains, tax and anti-corruption and clean energy. However, it has decided to opt out of the trade pillar for the time being.

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What is Indo-Pacific framework?

The Indo-Pacific Economic Framework is based on four pillars namely tax, anti-corruption, clean energy and data and privacy. Read also : The UK is going to launch a top European science funding program, then only. So far, India has agreed to three pillars related to supply chains: tax, anti-corruption and clean energy, but the fourth pillar on data and privacy has yet to be fully agreed.

What is the meaning of Indo-Pacific strategy? OUR INDO-PACIFIC. STRATEGY. The United States is committed to an Indo-Pacific that is free and open, connected, prosperous, secure, and resilient. To realize that future, the United States will strengthen our own role while strengthening the region itself.

What are the four pillars of IPEF?

Ministerial Declarations for the four IPEF pillars: Trade; Supply chains; Clean economy; and fair economy.

What does the Indo-Pacific Economic Framework do?

The IPEF is designed to differ from a traditional free trade agreement: it includes a trade pillar as well as three additional supply chain pillars; clean energy, decarbonisation and infrastructure; and tax and anti-corruption.

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Is India in IPEF?

Is India out of IPEF? Besides India and the United States, the 12 other members of IPEF are Australia, Brunei, Fiji, Indonesia, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand and Vietnam. All the other member nations have subscribed to IPEF’s four pillars.

Which are the 13 member countries of IPEF?

IPEF has 13 other founding members: Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand and Vietnam announced their interest in IPEF and signed the framework. Together, these countries represent more than 40% of global GDP.

What are the four pillars of IPEF?

Ministerial Declarations for the four IPEF pillars: Trade; Supply chains; Clean economy; and fair economy.

Why did India walk out of IPEF?

India will not fall for deception. Accordingly, India last week walked away from the joint statement on the trade pillar at the IPEF’s first ministerial meeting in Los Angeles, where Union Commerce Minister Piyush Goyal expressed concern over apparent discrimination against developing economies.

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What are the 4 Pacific States?

Pacific region. The states in the Pacific region include California, Washington, Oregon, Hawaii, and Alaska.

What are the Japanese Pacific States? The Japanese Pacific States were a puppet state of the Japanese Empire that included the western part of occupied America and Canada.

How many states are in the Pacific region?

The US Pacific Islands region includes our 50th state, Hawai’i, as well as the territories of Guam, American Samoa, the Commonwealth of the Northern Mariana Islands (CNMI), the Republic of Palau (RP), the Federated States of Micronesia (FSM), and the Republic of the Marshall Islands ( RMI).

What are considered Pacific States?

The term typically refers to the contiguous US states of California, Oregon, and Washington, but sometimes includes Alaska and Hawaii, particularly by the United States Census Bureau as a US geographic division.

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