News analysis

New Indo-Pacific initiative shows appetite for US engagement but challenges ahead

The Indo-Pacific Economic Framework for Prosperity (IPEF) virtual launch event in Tokyo, Japan, on May 23, 2022. PHOTO: REUTERS
New: Gift this subscriber-only story to your friends and family

WASHINGTON - That 12 countries signed up for the United States' Indo-Pacific Economic Framework for Prosperity (IPEF) from Day One is a sign of the region's appetite for America's economic engagement.

Yet that enthusiasm was also noticeably tempered with a hefty dose of caution, particularly from South-east Asia, against alienating China - the region's economic powerhouse and the US' chief rival.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.