Australia’s engagement with Indo-Pacific economic initiatives
By Vu Lam, Ian Zhou
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Regional Comprehensive Economic Partnership (RCEP) and the Indo-Pacific Economic Framework for Prosperity (IPEF) are 3 significant trade and economic initiatives with a considerable impact on the Indo-Pacific region. While each of them has distinct memberships, goals and areas of focus, there are some areas of overlap. These initiatives underscore the complex dynamics of contemporary international trade relations and economic policy, particularly in a region as economically vibrant and diverse as the Indo-Pacific.
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