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IPEF members include India, Australia, the U.S., Japan, Fiji, Brunei, Korea, New Zealand, Singapore, Indonesia, Malaysia, Vietnam, Philippines and Thailand.
A U.S.-led economic initiative for the Indo-Pacific region came a step closer to completion as the 14 negotiating nations agreed on two of three remaining pillars, allowing their leaders to showcase a framework seen as a counter to China's rise.
With supply chain a critical economic contributor, the Agreement would see the upskilling and reskilling of workers, promoting inclusivity and equal access, and increasing comparability of skills credentials frameworks.