|Table of Contents|

Connotation, direction and constraints of the “Indo-Pacific Economic Framework”(PDF)

《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]

Issue:
2023年01期
Page:
88-101
Research Field:
国际经济与贸易
Publishing date:

Info

Title:
Connotation, direction and constraints of the “Indo-Pacific Economic Framework”
Author(s):
ZHOU Fangyin;  MA Songruowen
(1. School of International Relations, Guangdong University of Foreign Studies, Guangzhou 510006,Guangdong, China; 2. School of Social Sciences, The Chinese University of Hong Kong, Hong Kong 999077, China)
Keywords:
“Indo-Pacific Economic Framework”;  Indo-Pacific strategy;  Asia-Pacific economy;  TPP;  RCEP;  supply chain;  digital economy
PACS:
F113; F125
DOI:
-
Abstract:
The Indo-Pacific economic framework is another important effort to try to dominate the economic order in the Asia-Pacific region since the U.S. withdrew from the Trans Pacific Partnership(TPP), and constitutes the economic pillar of the U.S. Indo-Pacific strategy. The analysis and research on the proposal and promotion of the “Indo-Pacific Economic Framework” and the U.S. Asia-Pacific policies show that, the Indo-Pacific economic framework eschews traditional trade arrangements such as tariff concessions and focuses on industrial layout, under which the U.S. government will directly intervene in the micro-behaviors of enterprises internationally with more intense efforts. The market, technology and capital of the United States have great attraction to other countries. Some countries hope to win a foothold in the rapid development of emerging industries, while having concerns about the economic costs of participating in the “Indo-Pacific Economic Framework” and the risk of being involved in geopolitical conflicts. At the same time, in the process of promoting the Indo-Pacific economic framework, they face problems such as the conflict between political logic and economic logic, insufficient market drive, unbalanced exchange of interests between the U.S. and other member countries, and declining strategic credibility of the U.S. in the international community, arising from the attempt of the U.S. to serve its purpose of strategic competition with China in the Asia-Pacific region.

References:

[1] THE WHITE HOUSE.Readout of president Biden's participation in the East Asia summit[EB/OL].(2021-10-27)[2022-10-16].https://www.whitehouse.gov/briefing-room/statements-releases/2021/10/27/readout-of-president-bidens-participation-in-the-east-asia-summit/.
[2]RAIMONDO G M.Secretary raimondo's remarks on increasing American competitiveness at the economic club of New York[EB/OL].(2021-12-09)[2022-10-16].https://www.commerce.gov/news/speeches/2021/12/secretary-raimondos-remarks-increasing-american-competitiveness-economic-club.
[3]THE WHITE HOUSE.Fact sheet: Indo-Pacific strategy of the United States[EB/OL].(2022-02-11)[2022-10-16].https://www.whitehouse.gov/briefing-room/speeches-remarks/2022/02/11/fact-sheet-indo-pacific-strategy-of-the-united-states/.
[4]OFFICE OF THE UNITED STATES TRADE REPRESENTATIVE.Indo-Pacific Economic Framework for prosperity(IPEF)[EB/OL].(2022-05-30)[2022-10-16].https://ustr.gov/trade-agreements/agreements-under-negotiation/indo-pacific-economic-framework-prosperity-ipef.
[5]DEPARTMENT OF FOREIGN AFFAIRS AND TRADE,AUSTRALIAN GOVERNMENT.Launch of the Indo-Pacific Economic Framework for prosperity(IPEF)-joint statement[EB/OL].(2022-05-23)[2022-10-16].https://www.dfat.gov.au/news/media-release/launch-indo-pacific-economic-framework-prosperity-ipef-joint-stat-ement.
[6]MA J.Indo-Pacific Economic Framework(IPEF)ministerial meeting to conclude[EB/OL].(2022-09-09)[2022-10-16].https://foreignbrief.com/daily-news/indo-pacific-Economic-Framework-ipef-ministerial-meeting-to-conclude/.
[7]MINISTRY OF COMMERCE,TRADE,TOURISM AND TRANSPORT,FIJI.Ministers of the Indo-Pacific Economic Framework launch ministerial statements[EB/OL].(2022-09-11)[2022-10-16].https://www.mcttt.gov.fj/fiji-minister-launches-the-indo-pacific-economic-framework-ipef-ministerial-statements/.
[8]LAWDER D,SHALAL A.U.S,Indo-Pacific countries agree on roadmap to strengthen trade ties[EB/OL].(2022-09-09)[2022-10-16].https://www.reuters.com/world/us-indo-pacific-countries-agree-roadmap-strengthen-trade-ties-2022-09-09/.
[9]ARASASINGHAM A,et al.Unpacking the Indo-Pacific Economic Framework launch[EB/OL].(2022-05-23)[2022-10-16].https://www.csis.org/analysis/unpacking-indo-pacific-economic-framework-launch.
[10]THE WHITE HOUSE.On-the-record press call on the launch of the Indo-Pacific Economic Framework[EB/OL].(2022-05-23)[2022-10-16].https://www.whitehouse.gov/briefing-room/press-briefings/2022/05/23/on-the-record-press-call-on-the-launch-of-the-indo-pacific-economic-framework/.
[11]SHASTRY V.Is Biden's Indo-Pacific economic initiative a trade deal by stealth? India's actions suggest so[EB/OL].(2022-09-19)[2022-10-16].https://www.forbes.com/sites/vasukishastry/2022/09/19/is-bidens-indo-pacific-economic-initiative-a-trade-deal-by-stealth-indias-actions-suggest-so/?sh=5ce22ede49cf.
[12]U.S.DEPARTMENT OF COMMERCE.United States and Indo-Pacific Economic Framework partners announce negotiation objectives[EB/OL].(2022-09-09)[2022-10-16].https://www.commerce.gov/news/press-releases/2022/09/united-states-and-indo-pacific-ec-onomic-framework-partners-announce.
[13]FREEMAN K.The Indo-Pacific Economic Framework(IPEF)is not a free trade agreement,but will be judged on the same principles[EB/OL].(2022-06-01)[2022-10-16].https://www.china-briefing.com/news/ipef-not-an-fta-will-still-be-judged-like-one-op-ed/.
[14]THE WHITE HOUSE.The Trans-Pacific partnership:what you need to know about president Obama's trade agreement[EB/OL].(2017-01-10)[2022-10-16].https://obamawhitehouse.archives.gov/issues/economy/trade.
[15]GLASS A.Trump scuttles Trans-Pacific trade pact,Jan.23,2017[EB/OL].(2019-01-23)[2022-10-16].https://www.politico.com/story/2019/01/23/trans-pacific-trade-pact-2017-1116638.
[16]CHANCE D,KAJIMOTO T.Trump says U.S.will only rejoin Pacific trade pact if terms are improved[EB/OL].[2022-10-16].https://www.reuters.com/article/us-usa-trade-tpp-idUSKBN1HJ39N.
[17]COMMITTEE ON FINANCE,UNITED STATES SENATE.The president's 2022 trade policy agenda[EB/OL].(2022-03-31)[2022-10-16].https://www.finance.senate.gov/hearings/the-presidents-2022-trade-policy-agenda.
[18]STERLING S.The Indo-Pacific Economic Framework for prosperity(IPEF):another nail in the coffin of the Washington consensus[EB/OL].(2022-05-26)[2022-10-16].https://rooseveltinstitute.org/2022/05/26/indo-pacific-economic-framework-for-prosperity/.
[19]HUNNICUTTM T,SMITH J.First stop Samsung: Biden touts South Korean role in securing global supply chains[EB/OL].(2022-05-21)[2022-10-16].https://www.reuters.com/world/asia-pacific/biden-south-koreas-yoon-meet-amid-worries-about-north-korea-2022-05-19/.
[20]THE WHITE HOUSE.Remarks by president Biden after touring Samsung electronics pyeongtaek campus[EB/OL].(2022-05-20)[2022-10-16].https://www.whitehouse.gov/briefing-room/speeches-remarks/2022/05/20/remarks-by-president-biden-after-touring-samsung-electronics-pyeongtaek-campus/.
[21]THE WHITE HOUSE.Remarks by president Biden and prime Minister Kishida Fumio of Japan in joint press conference[EB/OL].(2022-05-23)[2022-10-16].https://www.whitehouse.gov/briefing-room/speeches-remarks/2022/05/23/remarks-by-president-biden-and-pri-me-minister-fumio-kishida-of-japan-in-joint-pr-ess-conference/.
[22]GRACK B L V,BROWER J.CFIUS's expanding jurisdiction in the magnachip acquisition[EB/OL].(2021-10-11)[2022-10-16].https://www.lawfareblog.com/cfiuss-expanding-jurisdiction-magnachip-acquisition.
[23]GAFNI J,GOODING A.Thoughts on CFIUS's review of wise road-magnachip[EB/OL].(2021-09-14)[2022-10-16].https://www.linklaters.com/en-hk/insights/blogs/foreigninvestmentlinks/2021/september/thoughts-on-cfiuss-review-of-wise-road-magnachip.
[24]THE INDUSTRY AND SECURITY BUREAU.Notice of request for public comments on risks in the semiconductor supply chain[EB/OL].(2021-09-24)[2022-10-16].https://www.federalregister.gov/documents/2021/09/24/2021-20348/notice-of-request-for-public-comments-on-risks-in-the-semiconductor-supply-c-hain.
[25]SHEN M.US demand for chip supply data from TSMC,Samsung,Apple,others sparks debate about true intentions in China[EB/OL].(2021-10-06)[2022-10-16].https://www.scmp.com/tech/tech-war/article/3151347/u-s-demand-chip-supply-data-tsmc-samsung-apple-others-sparks-debate.
[26]LEONARD J.White House weighs invoking defense law to get chip data[EB/OL].(2021-09-23)[2022-10-16].https://www.bloomberg.com/news/articles/2021-09-23/white-house-w-eighs-invoking-defense-law-to-get-chip-supply-data?leadSource=uverify%20wall.
[27]SIRIPURAPU A.What is the defense production act? [EB/OL].(2021-12-22)[2022-10-16].https://www.cfr.org/in-brief/what-defense-production-act.
[28]SOHN J,FITCH A.Samsung,TSMC win exemption from new U.S.chip restrictions on China[EB/OL].(2022-10-13)[2022-10-16].https://www.wsj.com/articles/samsung-gets-one-year-exemption-from-new-u-s-chip-restrictions-on-china-11665639994.
[29]CHANG E.Taiwan's TSMC to attend White House semiconductor meeting[EB/OL].(2021-09-23)[2022-10-16].https://www.taiwannews.com.tw/en/news/4294879.
[30]AOYAMA R.Will Tokyo's IPEF membership mix with Japan-China relations? [EB/OL].(2022-07-14)[2022-10-16].https://www.eastasiaforum.org/2022/07/14/will-tokyos-ipef-membership-mix-with-japan-china-relations/.
[31]WANG X.IPEF sits on shaky foundations[EB/OL].(2022-07-02)[2022-10-16].https://www.chinadaily.com.cn/a/202206/02/WS62982560a310fd2b29e607b6.html.
[32]SMITH A.Japan turns its attention to economic security[EB/OL].(2022-05-16)[2022-10-16].https://www.cfr.org/blog/japan-turns-its-attention-economic-security.
[33]OFFICE OF THE SPOKESPERSON.U.S.Japan economic policy consultative committee vice-ministerial meeting[EB/OL].(2022-05-06)[2022-10-16].https://www.state.gov/u-s-japan-economic-policy-consultative-committee-vice-ministerial-meeting/.
[34]YOSHINO N,OBE M.Kishida lauds Indo-Pacific framework as sign of U.S.commitment[EB/OL].(2022-05-21)[2022-10-16].https://asia.nikkei.com/Editor-s-Picks/Interview/Kishida-lauds-Indo-Pacific-framework-a-s-sign-of-U.S.-commitment.
[35]THE GOVERNMENT OF JAPAN.PM Kishida's vision for building a new international order from Asia[EB/OL].(2022-07-23)[2022-10-16].https://www.japan.go.jp/kizuna/2022/06/new_international_order_from_asia.html.
[36]SEVASTOPULO D,INAGAKI K.Joe Biden launches trade agreement with 12 Asian nations[EB/OL].(2022-05-23)[2022-10-16].https://www.ft.com/content/e2634c2a-3709-4a31-a419-1e30af1fc607.
[37]LIES E.U.S.president Biden supports Japan becoming permanent member of the U.N.Security Council[EB/OL].(2022-05-23)[2022-10-16].https://www.reuters.com/world/us-president-biden-supports-japan-bec-oming-permanent-member-un-security-council-2022-05-23/.
[38]AIBARA R,WAKAI T,SAKAKIBARA K.Japan shores up U.S.vision for IPEF economic bloc in Asia[EB/OL].(2022-05-24)[2022-10-16].https://www.asahi.com/ajw/articles/14628711.
[39]JOHNSTON E.The IPEF,already a tough sell for Biden at home,seen as limited in scope[EB/OL].(2022-05-24)[2022-10-16].https://www.japantimes.co.jp/news/2022/05/24/business/ipef-reaction-criticism/.
[40]王金志.美借“四方安全对话”兜售冷战思维[EB/OL].(2022-05-30)[2022-10-16].http://www.news.cn/mil/2022-05/30/c_1211651951.htm.
[41]MARTIN E.India stays wary of US initiative to bolster Asia trade[EB/OL].(2022-09-13)[2022-10-16].https://www.bloomberg.com/news/newsletters/2022-09-13/supply-chain-latest-us-gets-asia-buy-in-on-economic-plan-ind-ia-wary.
[42]MOHAN G.IPEF meet fruitful,says Union minister Piyush Goyal as India stays out of trade policy pillar[EB/OL].(2022-09-10)[2022-10-16].https://www.indiatoday.in/business/story/ipef-meet-fruitful-says-union-minister-piyush-goyal-as-india-stays-out-of-trade-policy-pillar-1998738-2022-09-10.
[43]MINISTRY OF TRADE,INDUSTRY AND ENERGY,ROK.Trade minister attends IPEF strategy symposium[EB/OL].(2022-10-07)[2022-10-16].http://english.motie.go.kr/en/tp/tradeinvestrment/bbs/bbsView.do?bbs_seq_n=1090&bbs_cd_n=2&view_type_v=TOPIC&&currentPage=1&search_key_n=&search_val_v=&cate_n=2.
[44]KING K.The potential for Japan-South Korea-US trilateral cooperation through IPEF[EB/OL].(2022-09-06)[2022-10-16]. https://thediplomat.com/2022/09/the-potential-for-japan-south-korea-us-trilateral-cooperation-through-ipef/.
[45]KOREA ENERGY ECONOMICS INSTITUTE.Monthly energy statistics[EB/OL].(2021-02-01)[2022-10-16].http://www.keei.re.kr/keei/download/MES2105.pdf#page=22.
[46]LEE S.South Korea ventures into its Indo-Pacific strategy[EB/OL].(2022-07-11)[2022-10-16].https://www.eastasiaforum.org/2022/07/11/south-korea-ventures-into-itsindo-pacific-strategy/.
[47]OFFICE OF THE SPOKESPERSON.Secretary Antony J.Blinken and republic of Korea foreign minister Park Jin at a joint press availability[EB/OL].(2022-06-13)[2022-10-16].https://www.state.gov/secretary-antony-j-blinken-and-republic-of-korea-foreign-mi-nister-park-jin-at-a-joint-press-availability/.
[48]韩晓宁.韩媒报道:中韩设立供应链合作新机制[EB/OL].(2022-08-29)[2022-10-16].https://www.yidaiyilu.gov.cn/info/iList.jsp?cat_id=10005&info_id=271940&t-m_id=126.
[49]THE WHITE HOUSE.On-the-record press call on the launch of the Indo-Pacific Economic Framework [EB/OL].(2022-05-23)[2022-10-16].https://www.whitehouse.gov/briefing-room/press-briefings/2022/05/23/on-the-record-press-call-on-the-launch-of-the-indo-pacific-economic-framework/.
[50]WALTERS R.Biden's Indo-Pacific Economic Framework is at a crossroads[EB/OL].(2022-04-08)[2022-10-16].https://www.hudson.org/foreign-policy/biden-s-indo-pacific-economic-framework-is-at-a-crossroads.

Memo

Memo:
-
Last Update: 2023-03-01