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

... entrenched in the region, and, as far as possible, diversify the supply chains of those RCEP participants that are strategically important for the United States. This priority also determines which countries will be involved in the initiative. These include India, which has pulled out of the RCEP, and the “system-forming core” of Japan, Australia, New Zealand, South Korea and the six fastest-growing ASEAN countries. In turn, the exponentially growing dependence on China in the context of post-COVID development exacerbates the dilemma ...