The Indo-Pacific Economic Framework for Prosperity (IPEF) will cooperate on rules for cross-border data flows and storage; access to e-commerce markets for small businesses; supply chain integration, including in critical minerals; and clean energy. Participants include Australia, India, Indonesia, Japan, Malaysia and Vietnam. (The Logic)

Talking point: Canada isn’t part of the new group. Global Affairs Canada did not answer The Logic’s questions about whether it had sought to participate, or will now, by publication time. The IPEF isn’t itself a free-trade agreement; participants will now negotiate deals in their chosen areas like digital trade and decarbonization. The CPTPP, which took effect in December 2018, covers some of the same issues. Canada is a participant, as are seven of the 13 IPEF nations; the U.S. is not. Meanwhile, Ottawa formally asked to join a different group Tuesday: the Digital Economy Partnership Agreement, which set common goals on data flows, electronic trade systems and AI standards between Chile and IPEF members New Zealand and Singapore.