What is the Indo-Pacific Economic Framework, about to be negotiated in Brisbane?

1 month ago Interest.co.nz

By Patricia Ranald*Australia is about to play host to negotiators from 14 countries involved in the Indo-Pacific Economic Framework (IPEF) over six days in Brisbane from Saturday. This means in negotiating IPEF the US will not offer increased market access to Australia or other member countries. India has opted out of the trade pillar but says it will sign up to the other pillars. It has promised this for the IPEF, and both civil society and business organisations have been invited to present their views to IPEF negotiators in Brisbane. It remains to be seen whether all IPEF countries will commit to these goals without the carrot of access to the US market, and how commitments would be enforced unless they were legally binding.
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