The Indo-Pacific Economic Framework for Prosperity: America’s Answer to the Regional Comprehensive Economic Partnership?

Trade appears to be the weak link in the new multilateral initiative as the U.S. is reluctant to take on clear commitments to open markets On his visit to Tokyo, U.S. President Joe Biden announced on May 22 the new Indo-Pacific Economic Framework for Prosperity initiative , initially made up of 12 of the region’s countries – the United States, Australia, Brunei, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, South Korea, Thailand and Vietnam. A New Political Tool for the Indo-Pacific...