While the Biden administration prioritises cooperation with allies and partners that share common interests in free and open civil societies—including through mechanisms like the Quad—the countries of the Indo-Pacific are focused on trade, development, and connectivity as the foundation for regional prosperity. As the specific details of the US’ Indo-Pacific Economic Framework are yet to be revealed, two mega-regional trade agreements—the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP)—are moving forward without US participation.
How do Quad countries view trade and investment trends in the region and what are their priorities? How does the U.S. Indo-Pacific Economic Framework align with each Quad member’s interests in deepening economic partnerships and regional integration?
The National Committee on American Foreign Policy, NCAFP, is organising an important discussion with distinguished experts from the US, Japan, Australia, and India to discuss the opportunities for and challenges to effective economic engagement in the Indo-Pacific on March 29, 2022.