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U.S. President Joe Biden formally lifted the veil on the brand new Indo-Pacific Financial Framework (IPEF) at a ceremony on Monday in Tokyo alongside fellow Quad leaders Fumio Kishida from Japan, India’s Narendra Modi, and newly-elected Australian Prime Minister Anthony Albanese.
13 nations within the area signed on to the brand new initiative, though at this level it actually doesn’t imply very a lot for the reason that particular particulars of the plan have but to be negotiated. Broadly talking, IPEF can have 4 pillars:
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