ISDS Case Map
Asia
"Lobbyists for the giant corporations are celebrating IPEF as the second coming of the TPP," warned Senator Warren.
South Korea is "positively considering" joining an Indo-Pacific economic pact planned by the United States, a government official said.
Asian and American trade experts characterize the framework as “weak tea,” consisting of “all of the things the US considers important” but little for Indo-Pacific nations in return for their membership obligations.
Speaking to a US business summit, Jacinda Ardern has confirmed NZ interest in a major economic initiative out of Washington while calling on the US to be more engaged in the region on trade
The Indo-Pacific Economic Framework seeks to establish trade rules and is widely seen as an effort by the US to counter China’s influence in the Asia-Pacific region.
Unless the Biden administration chooses the right path, the Indo-Pacific Economic Framework will be more or less forgotten by the end of the year.
Top trade officials of South Korea and Australia vowed to boost cooperation on the US-led economic initiative in the Indo-Pacific region and other trade issue.
It remains unclear as to whether the agreement will be legally binding, whether it will contain dispute resolution mechanisms, and whether it will be an ‘all in’ agreement or allow parties to choose what they sign up to.
Eighty-seven US Congress members have signed a letter urging the Biden administration to focus on improving agriculture trade as it builds foreign relationships under the Indo-Pacific Economic Framework.
Digital trade rules to be prominent part of talks, Tehan says. Ministers looking to meet in April or May to work on details.
