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

... to promote the same strategically beneficial economic cooperation agenda on a number of levels at the same time: global cooperation through the BDN; quadrilateral cooperation through the Quad; and now cooperation at the Indo-Pacific level through the Indo-Pacific Economic Framework for Prosperity, put forward as an alternative to the RCEP. That said, it is difficult to call this new cooperation format a suitable alternative. First of all, we should not overestimate its potential trade efficiency. Given the current conditions, it is all but impossible to alter the institutional environment ...