ISDS Case Map
US
Aside from the Philippines’ pending accession to the mega free trade deal RCEP, the government is also strongly pushing for the country’s participation in the CPTPP and the Indo Pacific Economic Framework.
Malaysia views US President Joe Biden's proposed Indo-Pacific economic bloc as a welcome initiative but sees a bigger immediate opportunity in selling its access to a China-led trade pact.
IPEF is created to encourage regional economies to “decouple” from the Chinese market by leading them to alternative supply chains.
A State Department spokesperson said the US was still discussing the mechanics of the framework with its partners but will design IPEF to prioritise flexibility and inclusion
The US government aims to launch its Indo-Pacific economic engagement initiative around the time of President Joe Biden's visit to Japan later in May.
"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.
United States, European Union and their Pacific allies’ sanctions are fast-driving Russia towards Africa. As the sanctions bite, Russia continues stepping up to realign with Africa, stemming its policy with mountainous pledges.
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
