1) With reference to the Indo-Pacific Economic Framework (IPEF | Tirumal Classes IAS Academy

1) With reference to the Indo-Pacific Economic Framework (IPEF) consider the following statements:

1. IPEF is like a Free Trade Agreement (FTA) which involves reducing tariffs on the imports and exports made between the member countries.
2. It has four pillars and supply chain is one of the pillars of IPEF.