15 Sep 2023
2023年09月15日
As the Indo-Pacific Economic Framework (IPEF) negotiations intensify, significant challenges awaitthe United States (US), both in successfully concluding an agreement that achieves US objectives,as well as ensuring successful implementation of the agreement once concluded. Complicatednegotiating dynamics will deny the US important leverage that it has used in the past to gettrade agreements over the finish line. Unique institutional features of the agreement call intoquestion whether some objectives can be achieved and enforced. Divergent domestic interests onsome issues will require US negotiators to walk a tightrope between energetic and diametricallyopposed domestic constituencies. The IPEF is freighted with heavy geopolitical baggage whichcould complicate negotiations. The unorthodox use of Executive Orders (EOs) to effectuate theagreement will raise several significant implementation challenges of which the IPEF partnersshould take clear note. Ultimately, the most important impact of the IPEF could lie far beyond theIndo-Pacific. The IPEF could be an important bellwether for how US-European Union (EU) traderelations are handled in this post-Free Trade Agreements (FTA), post-World Trade Organization(WTO) world.
Author: Stephen Olson
著者 Stephen Olson
Editors: Amitendu Palit, Ramita Iyer
編者 Amitendu Palit, Ramita Iyer
Project Lead: Cristita Perez
プロジェクト担当 Cristita Perez
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