Twelve months after the launch of the Indo-Pacific Economic Framework for Prosperity (IPEF), it has achieved “substantial conclusion of the negotiations of a first-of-its-kind international IPEF Supply Chain Agreement”, in one of its four Pillars. The remaining three Pillars are Trade, Clean Economy and Fair Economy (taxation/anti-corruption). Significant progress on each of these remaining Pillars has also been announced, raising the expectation of conclusions by the end of this year.
