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At the meeting, IPEF members signed multiple agreements which are first-of-their-kind approaches to address 21st century challenges and strengthen economic engagement across Indo-Pacific.
Key outcomes of the meet
- IPEF Clean Economy Agreement: To accelerate efforts of IPEF partners towards energy security and transition, climate resilience and adaptation, GHG emissions mitigation, etc.
- IPEF Fair Economy Agreement: To create a more transparent and predictable business environment in member countries.
- Cooperative Work Programme (CWP): 3 new CWPs announced on emissions intensity accounting, e-waste urban mining (led by India), and Small Modular Reactors.
- Operational launch of IPEF Catalytic Capital Fund: To support expansion of the pipeline of quality clean economy infrastructure projects.
Note: These agreements will enter into force after at least five IPEF partners complete their internal legal procedures for ratification, acceptance, or approval.
- India did not formally sign these agreements as domestic approval processes are still underway and will be completed after formation of the new government.
About IPEF
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