IPEF partners agree on a council to oversee ‘operation’ of all four pillars

SAN FRANCISCO -- Indo-Pacific Economic Framework for Prosperity partners on Thursday announced an overarching agreement to establish an IPEF Council that will steer the ongoing operation of all four pillars and weigh the possibility of expansion, they said in a joint statement ahead of a leaders’ meeting here. The Agreement on the Indo-Pacific Economic Framework for Prosperity also involves the creation of a Joint Commission to monitor work under the Commerce Department-led IPEF pillars, which cover supply chains, a clean...