ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
The Nikkei View

Indo-Pacific Economic Framework can add stability to region

Byproduct of US-China rivalry has potential to benefit local companies

From left, Japanese Prime Minister Fumio Kishida, U.S. President Joe Biden and Indian Prime Minister Narendra Modi attend the IPEF launch event in Tokyo on May 23.    © Reuters

A new U.S.-led economic group has been born. The Indo-Pacific Economic Framework kicks off with 14 members. They vow to build more resilient supply chains and to write the rules for digital trade.

Critics point out how the new framework does not strive for greater trade liberalization by reducing or eliminating tariffs. However, the fact that the U.S. is committed to deepening economic engagement in the Indo-Pacific is a welcome development.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more