ISDS Case Map
geopolitics
Except for India and the US, all other nations in IPEF are part of the RCEP rival bloc. India’s aversion to a pact which includes China has geopolitical considerations at its root.
China has put forward plans to dramatically expand security and economic cooperation with South Pacific nations, in what one regional leader called a thinly veiled effort to lock them into "Beijing's orbit"
Unlike traditional FTAs, the IPEF employs a menu-based approach in which countries would launch separate negotiations under the four pillars of the initiative.
Tailored pact seeks to counter China's clout while protecting US workers.
The IPEF represents continuity between the colonialist past and neocolonialist present in the Indo-Pacific region.
IPEF is created to encourage regional economies to “decouple” from the Chinese market by leading them to alternative supply chains.
Council will focus on areas like 5G and AI, seek to deepen cooperation in trade and security. Experts say it’ll 'smoothen' overall FTA negotiations between India and EU.
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.
After a long hiatus, India has resumed its engagement with trade pacts. To what extent do these deals weigh on economic considerations? More importantly, how similar are they to strategic alliances?
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.
