Tiriti Analysis

Indo-Pacific Economic Framework

A new approach, but no effective Indigenous protections

Countries Involved

Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Thailand, Viet Nam.

The Indo-Pacific Economic Framework is a novel US-driven initiative by the Biden Administration to develop a different model from traditional free trade agreements, which have become very unpopular in the US.

The main driver for the US was to counter the influence of China in the Asia Pacific, now Indo-Pacific, region. A number of countries joined these negotiations in 2022 to encourage the US to reinvest in the region, economically and strategically. The IPEF was split into four pillars: trade, supply chains, clean economy (climate), and fair economy (tax and corruption).

The trade pillar is the most controversial and has not been concluded. The other three were concluded in 2023 and 2024.

They are largely unenforceable, but the “clean economy” agreement in particular promotes climate change solutions that are deeply problematic and Tiriti protections are weak or non-existent.

Our Analysis And Commentary On The Indo-Pacific Economic Framework