Lots of Fanfare But Little Real Enthusiasm For New U.S.-Led Economic Pact in Asia

U.S. President Joe Biden formally lifted the veil on the new Indo-Pacific Economic Framework (IPEF) at a ceremony on Monday in Tokyo alongside fellow Quad leaders Fumio Kishida from Japan, India’s Narendra Modi, and newly-elected Australian Prime Minister Anthony Albanese. 

13 countries in the region signed on to the new initiative, although at this point it really doesn’t mean very much since the specific details of the plan have yet to be negotiated. Broadly speaking, IPEF will have four pillars:

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

OR

Already a subscriber? Log in Click Here to Learn More
by Eric Olander

Most Read

1
Developing Countries’ Debt Servicing Costs to China Are Significant, but Nowhere Near as Much as Other Creditors
2 Chinese Military Fans Discuss Why Indonesia Bought Rafale Instead of J-10C
3
Chinese Cargo Planes Secretly Ferrying Supplies to Iran, Claim Online Sleuths
4
Indonesia Goes Nuclear, Taps China and Russia for Modular Reactors
5
Thailand in Last-Minute U.S. Talks as 36% Tariff Looms
6 Trump’s Contradictory Iran Strategy Leaves U.S. Weaker After War’s End, Says Chinese Commentator

What is The China-Global South Project?

Independent

The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.

More about CGSP