The Indo-Pacific Economic Framework: What it is — and why it matters

No Canada!

• Seen as a means to counter China in the region, it is a U.S.-led framework for participating countries to solidify their relationships and engage in crucial economic and trade matters in the region.
• The Indo-Pacific Economic Framework is not a free trade agreement. No market access or tariff reductions have been outlined, although experts say it can pave the way for future trade deals.
• Analysts and observers say the IPEF deal lacks “teeth” and is more symbolic than it is effective or real policy. 

https://www.cnbc.com/2022/05/26/ipef-what-is-the-indo-pacific-framework-whos-in-it-why-it-matters.html