Indo-Pacific Economic Framework (IPEF)

Asian countries have long worried about U.S. economic commitment to the region.

Both Seoul and Tokyo are part of the U.S.-lead economic initiative. Can it help break the ice between the two?

Insights from Raymond Kuo.

It is uncertain whether the Indo-Pacific Economic Framework can succeed in reshaping China’s economic influence in Asia.

Participation in the new U.S. initiative could advance Vietnam’s aspiration for economic gains and a firm status in the regional economic architecture, but its full-fledged engagement is unlikely.

IPEF’s evolution and prospects will partly hinge on how U.S. and regional partners define its value add in an increasingly competitive landscape.

Changing sentiments at home mean the United States is now more enthusiastic about enforcing trade rules than facilitating trade.

IPEF will have to contend with the same worries that led India to walk out of RCEP.

As long as IPEF lacks clear incentives, it will be hard to transform the framework into meaningful action.

Taiwan wasn't part of the initial group of IPEF members, but there's still room for future participation.

The region has thrown its support behind Washington's long-awaited economic engagement plan, even as the specifics remain vague.

The Biden administration’s IPEF formally kicked off on Monday with 13 member states.