The Indo-Pacific Economic Framework: What it is — and why it matters
- Seen as a means to counter China in the region, it is a U.S.-led framework for participating countries to solidify their relationships and engage in crucial economic and trade matters in the region.
- The Indo-Pacific Economic Framework is not a free trade agreement. No market access or tariff reductions have been outlined, although experts say it can pave the way for future trade deals.
- Analysts and observers say the IPEF deal lacks “teeth” and is more symbolic than it is effective or real policy.