Monday, 30 May 2022

Why ASEAN is giving Biden’s IPEF a chance

Indo-Pacific Economic Framework lacks clear market-opening measures but SE Asian nations are nonetheless keen to join


US President Joe Biden formally announced his administration’s Indo-Pacific Economic Framework for Prosperity (IPEF) last week, with a dozen nations – including seven from the Association of Southeast Asian Nations (ASEAN) – stepping forward to join negotiations to formalize the new and loosely defined economic pact.

Appraisals of the initiative have thus far been mixed, with critics saying the proposed framework doesn’t offer participating countries enough value to serve as an effective economic counterweight to China. Asia Times’ correspondent and Southeast Asia Insider editor Nile Bowie has followed the story closely and shared his assessment of the IPEF in this week’s Q&A.

Read the full interview at Asia Times.

Nile Bowie is a journalist and correspondent with the Asia Times covering current affairs in Singapore and Malaysia. He can be reached at nilebowie@gmail.com.