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published on 12 September 2023 | approx. reading time 5 minutes
IPEF is a (proposed) agreement between the United States and 13 other countries in the Asian region, including Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Thailand, and Vietnam. The agreement is currently still under negotiation and has not yet been finalized. The last round of negotiations took place in Busan, Korea, in July 2023. It remains to be seen to what extent further and more stringent measures will be included in the agreement. However, there are already doubts as to whether the agreement will be effective, as it does not contain the traditional features of a free trade agreement, in particular tariff facilitation.
Sebastian Wiendieck
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Peter Stark