1. The Indo-Pacific Economic Framework for Prosperity (IPEF) is a significant multilateral initiative with strategic economic implications. It aims to foster economic cooperation among member nations in the Indo-Pacific region, covering areas such as trade, supply chains, clean energy, and anti-corruption measures.
Which of the following statements regarding the IPEF is/are correct?
- The IPEF is a formal free trade agreement that eliminates tariffs and other trade barriers among member nations.
- One of the pillars of the IPEF focuses on digital economy and data governance, including issues such as data localization and cross-border data flows.
- The framework explicitly addresses military cooperation among member states to ensure regional security.
- IPEF emphasizes the adoption of high environmental standards and the promotion of renewable energy sources.
Select the correct answer using the codes given below:
