Recognizing the importance of maintaining the IPEF partnership into the future through a formalized and durable structure for ongoing cooperation at the ministerial level, the Agreement on the Indo-Pacific Economic Framework for Prosperity would establish an IPEF Council and Joint Commission. The IPEF Council would consider matters affecting the collective operation of the agreements related to the four IPEF pillars, as well as the possibility of adding new members or new agreements. The Joint Commission would monitor work under the agreements negotiated under Pillars II-IV, with a view to identifying ways to reduce duplication and potential conflicts and enable work between or across those agreements. The IPEF Council and the Joint Commission would meet annually, with the goal for all ministerial meetings to be co-located and concurrent.
The proposed Agreement on the IPEF is available here.
