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Regional Comprehensive Economic Partnership

World Trade / IPEF

24 May 2022

 5 minutes
US President Joe Biden, Japanese Premier Fumio Kishida and Indian Prime Minister Narendra Modi at the annoucement of the Indo-Pacific Economic Framework in Tokyo on 23 May 2022. The White House said: "With 60% of the world’s population, the Indo-Pacific is projected to be the largest contributor to global growth over the next 30 years. And trade with the Indo-Pacific supports more than 3 million American jobs, as well as being the source of nearly $900 billion in foreign direct investment in the United Sta

Biden's IPEF Is Where US Foreign Policy Puts on a Trade Garb

A new trade bloc on the anvil comes in the wake of two mega-agreements already in force in the region. But it is not a free trade agreement, and nor does it talk about tariffs or market access. What’s in it for the US? What for the other 12 Indo-Pacific nations?

By
  • Subir Ghosh
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There are already reports of US companies asking for discounts. This is true as much of India, as it is of the smaller apparel-making nations.

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  • Subir Ghosh

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