The Indo-Pacific Economic Framework for Prosperity: America’s Answer to the Regional Comprehensive Economic Partnership?

... United States is in no hurry to return due to political problems domestically . The multilateral structure of the new framework is, naturally, aimed at containing China and precluding the successes of the Regional Comprehensive Economic Partnership (RCEP) through shoring up U.S. dominance in the region and exporting American-fashioned institutions, regulatory practices and certification standards for investment projects. It is also designed to reduce China’s admittedly very low chances of joining ...