New Delhi, May 23 -- Prime Minister Narendra Modi Monday participated in an event in Tokyo to launch the Indo-Pacific Economic Framework for Prosperity (IPEF).

The event saw the presence of US President Joe Biden and Japan Prime Minister Kishida Fumio.

Leaders of other partner countries such as Australia, Brunei, Indonesia, Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, and Vietnam were present virtually.

A joint statement was issued on the occasion, which highlights the key elements envisaged within the IPEF.

In his comments during the launch ceremony, Prime Minister said that announcement of IPEF is a declaration of a collective desire to make the Indo-Pacific region an engine of global economic growth....