Indo-Pacific Economic Framework (IPEF), founded on 23 May, 2022 is a culmination of 14 countries which seek an open, inclusive, interconnected and secure Indo-Pacific for sustainable growth. The 14 IPEF partners which came to fruition in Tokyo is a US-led initiative and represent 40% of the global GDP and nearly one-third of the global goods and services trade. The IPEF is structured around 4 pillars namely, Trade; Supply Chains; Clean Economy; and Fair Economy