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 States, Australia, Brunei, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, South Korea, Thailand and Vietnam. A New Political Tool for the ... ... number of service industry sectors and investment in 2004, as well as with Beijing’s agreement with Macau. The agreement with ASEAN evolved in a similar manner. Importantly, China has stayed true to this integration course for two decades. The RCEP may ...