The Indo-Pacific Economic Framework for Prosperity (IPEF) member nations have signed a landmark Supply Chain Agreement.
This is among a number of key deals agreed upon by 14 IPEF nations during the third Ministerial Meeting held in San Francisco, California.
IPEF partners - the United States, Australia, Brunei, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and Viet Nam - represent 40 percent of global GDP and 28 percent of global goods and services trade.
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Political News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.