The Indo-Pacific Economic Framework for Prosperity: America’s Answer to the Regional Comprehensive Economic Partnership?
... 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 ... ... due to political problems domestically . The multilateral structure of the new framework is, naturally, aimed at containing China and precluding the successes of the Regional Comprehensive Economic Partnership (RCEP) through shoring up U.S. dominance ...
17.06.2022