Mega FTAs and the Indo-Pacific Economic Framework (Ipef) in the Asia Pacific Region

Will It Be Cooperation or Competition

Bibliographic Data

ID7299285
AuthorsSang-Chul Park (0000-0002-4572-9036, corresponding author)
Year2023
Volume18
Issue2
Pages122-150
Publication date2023-07-05
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueInternational Organisations Research Journal (JOURNAL)
Journal identifiersISSN: 1996-7845 • E-ISSN: 2542-2081
PublisherNational Research University, Higher School of Economics (HSE) (PUBLISHER)
DOI10.17323/1996-7845-2023-02-07
OpenAlexW4386723979
LanguageEN
Citations received2
References cited4

The Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) are two mega free trade agreements (FTAs) in the Asia and Pacific region. However, theireconomic interests are rather deeply divided and related to political and security issues. Trade conflicts between the U.S.and China have continued since 2018. To tackle Chinese expansion, the Biden administration initiated the Indo-PacificEconomic Framework (IPEF) in 2021 instead of returning to the CPTPP. This article reviews the two mega FTAs and theIPEF, as well as East Asian collaboration and competition in the region. It examines the East Asian countries’ economicinterests in participating in the mega FTAs and the IPEF and considers how to overcome the protectionism caused by thetrade conflicts between G2. Finally, it analyzes the roles and strategies of major economies overcoming protectionism as thenew global supply and value chains are reshaping in the region

China · Competition (biology · East Asia · Economics · Economy · General partnership · International trade · Political science · Protectionism · Global trade and economics · International Arbitration and Investment Law

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