- PII
- S207054760023958-0-
- DOI
- 10.18254/S207054760023958-0
- Publication type
- Article
- Status
- Published
- Authors
- Volume/ Edition
- Volume / Special Issue
- Pages
- 0
- Abstract
The Biden administration continues to make significant efforts to implement the new "pivot to Asia." There are two mega free trade agreements in the Asia-Pacific that could provide some political basis for a new phase of regional economic integration. The Biden administration proposes its new initiative, the Indo-Pacific Economic Framework for Prosperity (IPEF). However, this initiative does not involve reducing tariffs or opening access to the U.S. market, which calls into question its effectiveness. One of the promising areas of cooperation could be the development of common standards for digital trade in the region.
- Keywords
- Asia Pacific, USA, FTA, digital trade, economic integration
- Date of publication
- 25.12.2022
- Year of publication
- 2022
- Number of purchasers
- 6
- Views
- 391
References
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- 2. Asian Economic Integration Report 2022: Advancing Digital Services Trade in Asia and the Pacific. Asian Development Bank. February 2022. Available at: https://www.adb.org/sites/default/files/publication/770436/asian-economic-integration-report-2022.pdf (accessed 16 March 2022).
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- 4. Ibid.
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- 6. Asian Economic Integration Report 2022: Advancing Digital Services Trade in Asia and the Pacific. Asian Development Bank. February 2022. Available at: https://www.adb.org/sites/default/files/publication/770436/asian-economic-integration-report-2022.pdf (accessed 16 March 2022).
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- 8. Asia-Pacific Trade and Investment Trends 2022/2023. UNESCAP. November 10, 2022. Avaolable at: https://www.unescap.org/kp/2022/trade-agreements-asia-and-pacific-bigger-deeper-digital-and-more-supportive-sustainable-20222023 (accessed 12.11.2022).
- 9. Canada to seek membership to Indo-Pacific Economic Framework. Reuters. October 27, 2022. Available at: https://www.reuters.com/world/canada-will-seek-membership-indo-pacific-economic-framework-2022-10-27/ (accessed 03.11.2022).
- 10. Fact Sheet: In Asia, President Biden and a Dozen Indo-Pacific Partners Launch the Indo-Pacific Economic Framework for Prosperity. The White House. May 23, 2022. Available at: https://www.whitehouse.gov/briefing-room/statements-releases/2022/05/23/fact-sheet-in-asia-president-biden-and-a-dozen-indo-pacific-partners-launch-the-indo-pacific-economic-framework-for-prosperity/ (accessed 25.05.2022).
- 11. Ito T. America’s Watery Indo-Pacific Alphabet Soup. Project Syndicate. Jun 29, 2022. Available at: https://www.project-syndicate.org/commentary/biden-indo-pacific-economic-framework-reaction-by-takatoshi-ito-2022-06 (accessed 12.07.2022).
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- 13. Park C.-Y., Petri P.A., Plummer M.G.. The Economics of Conflict and Cooperation in the Asia-Pacific: RCEP, CPTPP and the US-China Trade War. September 30, 2021. East Asian Economic Review Vol. 25 No. 3. Available at: https://ssrn.com/abstract=3937722 (accessed 25.09.2022).
