The US-led Indo-Pacific Economic Framework (IPEF) was launched by US President Joe Biden during his trip to Tokyo in May 2022. It seeks to establish rules covering areas from data protection to carbon emissions. Its founding members comprise 14 Asia-Pacific nations: Australia, Brunei, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, the US and Vietnam. Together they account for 40 per cent of the world’s gross domestic product.
Warnings that Beijing, via Logink, could ‘gain access to and control massive amounts of sensitive’ data, including the commercial transport of US military cargo and critical market information.
Prominent political economist Zheng Yongnian says China should do more to bring the Association of Southeast Asian Nations (Asean) within its economic gravity amid an intensifying US rivalry.
Beijing unlikely to overtake US ‘in any significant measure of economic power’ in next two decades, influential Washington advisory panel hears.
Meeting at Camp David is expected to result in a series of defence, economic and diplomatic agreements aimed at pushing back against China.
Tokyo has ‘zero leeway’ when it comes to whaling, one analyst said, with many Japanese still supporting the internationally abhorred tradition despite not eating whale meat themselves.
Asia Society report says US should acknowledge it is ‘one of many regional actors’ and reduce its ‘rules-based order’ rhetoric, which many Southeast Asians regard as hypocritical.
Senior envoy touts ‘shared view and vision for the region’ ahead of Antony Blinken’s visit to Jakarta, criticising Beijing’s ‘many irresponsible acts’.
Past championing of market liberalisation led to fragile supply chains, production abroad and Beijing’s clout, says Washington’s top trade official.
President Yoon Suk Yeol Yoon launched his strategy last year, pledging to foster a ‘free, peaceful and prosperous’ region amid concerns about China’s security ambitions for the strategic waters.
‘We won’t tolerate it, nor do we think it will be successful,’ says Gina Raimondo of Beijing’s blacklisting as Asia-Pacific Economic Cooperation meeting ends in Michigan.
Food, energy, other key products disrupted by pandemic and war in Ukraine; leaders want to avoid such disruptions, and help counter China’s influence.
US Indo-Pacific Commander Admiral John Aquilino tells New York forum he is ‘ready and willing’ to meet counterparts.
Difficulties underscore scheme’s ambitious nature and ‘great difficulty in reaching agreements among a very heterogeneous group of countries’, say analysts.
Some ministers in the region back an immediate halt to fighting in Ukraine, countering EU position that such a move would solidify Russian gains.
The remarks by Trade Representative Katherine Tai follow similar comments by others, including Treasury Secretary Janet Yellen, warning that decoupling of the two superpowers would be ‘disastrous’.
Negotiations, which started last year, are moving at a very quick pace, US Trade Representative Katherine Tai said. IPEF, comprising 14 nations, is viewed as a counterweight to China’s growing clout in the region.
The six-day meeting will focus on four pillars – fair trade, supply chain resilience, infrastructure and clean energy, tax and anti-corruption – but not politically sensitive tariff-cutting.
Ministerial meetings involving Blinken, Austin and their opposite numbers lead to announcement of expanded military presence down under.