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The Indo-Pacific Economic Framework for Prosperity (IPEF) is an economic initiative launched by U.S. President Joe Biden on May 23, 2022. [ 1 ] [ 2 ] The framework launched with fourteen participating founding member nations in the Indo-Pacific region with an open invitation for other countries to join.
The Biden administration states that it supports a "free and open Indo-Pacific strategy". [36]: 178 In December 2021, Secretary of State Antony Blinken delivered a speech on the United States' approach to the Indo-Pacific in Jakarta. [37] On 23 May 2022, the administration released an Indo-Pacific Economic Framework.
The Trump administration's tariffs were panned by the majority of economists and analysts, with general consensus among experts—including U.S. Director of the National Economic Council Larry Kudlow—being that the tariffs either had no direct benefits on the U.S. economy and GDP growth or they had a small to moderately negative impact on the ...
The Regional Comprehensive Economic Partnership (RCEP / ˈ ɑː r s ɛ p / AR-sep) is a free trade agreement among the Asia-Pacific countries of Australia, Brunei, Cambodia, China, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand, and Vietnam. [2]
In October 2023, Jakarta Globe reported that the primary reason for Indonesia's lack of interest in CPTPP was due to the government's policy of reducing imported goods in its public procurement in order to develop its domestic industry, which is incompatible with CPTPP requirements for members to eliminate over 98 percent of tariffs in the free ...
Hook briefed Tillerson on and promoted the Free and Open Indo-Pacific Strategy, an approach by Japan and the U.S. to expand their Asia strategies to include India and the Persian Gulf, within the Trump administration. [7] In 2018 Pompeo set up the Iran Action Group to coordinate and run U.S. policy toward Iran with Hook as its head. [8]
The Trans-Pacific Partnership (TPP), or Trans-Pacific Partnership Agreement (TPPA), was a proposed trade agreement between 12 Pacific Rim economies: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and the United States. In the United States, the proposal was signed on 4 February 2016 but not ...
The Assistant Secretary of Defense for Indo-Pacific Security Affairs, or ASD (IPSA), is the principal advisor to the Under Secretary of Defense for Policy (USD(P)) and the Secretary of Defense on international security strategy and policy on issues of DoD interest that relate to the governments and defense establishments of the nations and international organizations within the Indo-Pacific ...