Preliminary exam General Studies August 01, 2024

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?

  1. The IPEF is a formal free trade agreement that eliminates tariffs and other trade barriers among member nations.
  2. 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.
  3. The framework explicitly addresses military cooperation among member states to ensure regional security.
  4. IPEF emphasizes the adoption of high environmental standards and the promotion of renewable energy sources.

Select the correct answer using the codes given below: