IPEF is seen as reflecting US ambitions to solidify ties with key economies in the Asia-Pacific. Photo: Yik Yeung-man
Explainer |
What is IPEF, and will it help the US counter China’s influence in the Asia-Pacific?
- The Indo-Pacific Economic Framework is widely seen as an effort by the US to counter China’s influence in the Asia-Pacific region
- It seeks to establish trade rules, covering areas from data protection to carbon emissions, but it does not offer incentives like greater market access to the US
IPEF is seen as reflecting US ambitions to solidify ties with key economies in the Asia-Pacific. Photo: Yik Yeung-man