• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
A visually captivating image of a futuristic city with a dome in the sky incorporating a new approach to urban development.

The Indo-Pacific Economic Framework: A New Approach in the Region

06/03/2022
Asia-Pacific Air Cargo Soars with 10% Growth Amid Tariff-Driven Demand Shifts

Asia-Pacific Air Cargo Soars with 10% Growth Amid Tariff-Driven Demand Shifts

05/30/2025
India’s MSMEs Embrace Supply Chain Innovation Amid E-Commerce Growth and Tariff Reforms

India’s MSMEs Embrace Supply Chain Innovation Amid E-Commerce Growth and Tariff Reforms

05/30/2025
Anwar Urges ASEAN to Enhance Economic Ties and Tackle Challenges

Anwar Urges ASEAN to Enhance Economic Ties and Tackle Challenges

05/23/2025
U.S. Government Explores Policy Options on Tariff-Related Price Increases

U.S. Government Explores Policy Options on Tariff-Related Price Increases

05/22/2025
Global retailers consider spreading tariff costs across markets

Global retailers consider spreading tariff costs across markets

05/22/2025
Walmart Will Absorb Some Tariff Costs, Says Treasury Secretary Bessent

Walmart Will Absorb Some Tariff Costs, Says Treasury Secretary Bessent

05/19/2025
Trump Administration Reaffirms Tariffs for Nations Avoiding Trade Talks

Trump Administration Reaffirms Tariffs for Nations Avoiding Trade Talks

05/19/2025
Apple Expands India Manufacturing Amid Uncertainty from U.S.-China Trade Shift

Apple Expands India Manufacturing Amid Uncertainty from U.S.-China Trade Shift

05/19/2025
Tariff Cuts on Chinese Imports Unlikely to Ease Prices or Product Shortages

Tariff Cuts on Chinese Imports Unlikely to Ease Prices or Product Shortages

05/19/2025
Companies Announce Price Increases in Response to New U.S. Tariffs

Companies Announce Price Increases in Response to New U.S. Tariffs

05/19/2025
APEC Adopts Joint Statement Highlighting Trade Challenges Amid Tariff Concerns

APEC Adopts Joint Statement Highlighting Trade Challenges Amid Tariff Concerns

05/19/2025
Trump Says India May Drop Tariffs, Urges Apple to Boost U.S. Manufacturing

Trump Says India May Drop Tariffs, Urges Apple to Boost U.S. Manufacturing

05/16/2025
supplychainreport
Saturday, May 31, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

The Indo-Pacific Economic Framework: A New Approach in the Region

by Geraldine S.
06/03/2022
in Economic Indicators, Global Trade, International Relations

The United States, under President Joe Biden’s leadership, introduced the Indo-Pacific Economic Framework for Prosperity (IPEF) in Tokyo on May 23, marking a significant move to bolster the U.S.’s economic presence in the Indo-Pacific region. This initiative saw participation from 13 countries, including Australia, Brunei, India, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and Vietnam, collectively representing approximately 40% of the global GDP. The IPEF is positioned as an integral component of the U.S. strategy in the Indo-Pacific, aiming to fill the void left by the U.S.’s withdrawal from the Trans-Pacific Partnership (TPP) in 2017.

This withdrawal had previously given China more leeway to expand its economic influence in the region. In lieu of rejoining the TPP, now known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Biden administration chose to develop the IPEF as an alternative approach to engage with the region’s economies. The framework concentrates on four primary areas: enhancing supply-chain resilience; advancing clean energy and infrastructure for decarbonization; promoting taxation and anti-corruption measures; and encouraging fair and resilient trade practices. The IPEF aims to foster cooperation and economic stability in the region, addressing contemporary global challenges. However, the IPEF differs from traditional free-trade agreements like the CPTPP and RCEP (Regional Comprehensive Economic Partnership) as it does not include provisions for expanded market access or tariff reductions. This aspect has raised questions about the framework’s potential attractiveness and effectiveness in incentivizing regional participation.

YOU MAY ALSO LIKE

Asia-Pacific Air Cargo Soars with 10% Growth Amid Tariff-Driven Demand Shifts

India’s MSMEs Embrace Supply Chain Innovation Amid E-Commerce Growth and Tariff Reforms

Notably, the IPEF seeks to establish pioneering commitments in emerging economic sectors such as the digital economy and clean energy. Additionally, it aims to uphold robust labor and environmental standards. However, varying policies and developmental stages among Indo-Pacific countries, especially in the digital domain, might pose challenges for uniform implementation of such standards across all member states. Bryan Mercurio, an international trade expert and professor of law at the Chinese University of Hong Kong, highlighted the regional desire for trade and market access as a key interest, an area where the IPEF currently shows limitations. Furthermore, the Biden administration’s cautious stance on offering greater U.S. market access and reducing tariffs, influenced by domestic protectionist sentiments, could affect the framework’s impact on reducing economic dependencies in the region.

The IPEF represents a nuanced shift in the U.S. approach to economic engagement in the Indo-Pacific, balancing regional economic integration with strategic interests and new trade norms. As the framework evolves, it will be crucial to observe how it adapts to the diverse economic landscapes and policy preferences of its member countries.

Stay updated with supply chain news at The Supply Chain Report. Learn more about international trade at ADAMftd.com with free tools.

#IndoPacificEconomicFramework #IPEF #USAsiaRelations #BidenLeadership #IndoPacificTrade #SupplyChainResilience #CleanEnergyPartnerships #Decarbonization #FairTrade #AntiCorruption #DigitalEconomy #LaborStandards #EnvironmentalStandards #EconomicStability #GlobalGDP #RegionalCooperation #USMarketAccess #TradePolicy #EmergingMarkets #CPTPP #RCEP #AsiaTrade #USForeignPolicy #IPEFChallenges

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.