The Indo-Pacific Economic Framework (IPEF), initiated by the United States in May 2022, represents a significant effort to establish a comprehensive economic engagement with countries in the Indo-Pacific region. The framework aims to address a variety of economic challenges and opportunities through four pillars: supply chains, clean economy, fair economy, and trade. However, as the recent virtual IPEF ministers’ meeting in Thailand highlighted, there are substantial challenges in fully concluding and implementing the framework, especially ahead of the US presidential election in November.
Read More...