Security not economics is likely to drive US trade engagement in Asia

US/China trade

Security not economics is likely to drive US trade engagement in Asia

Gary Clyde Hufbauer and Megan Hogan: East Asia Forum: 9th of January 2022

US trade engagement in Asia had a transitionary year in 2021. To curtail Chinese influence, the US is striving to increase its Indo-Pacific engagement. The recently announced ‘Indo pacific framework’ is how the US aims to engage with Asian states. However, the Indo Pacific economic framework lacks economic benefits to Asian states compared to the CPTPP or RCEP. Click here to read why the US may have an easier time selling its security benefits rather than pure economic benefits to Asian states.

Leave a comment

Your email address will not be published. Required fields are marked *