China's anxieties over Korea joining Indo-Pacific framework
China's anxieties over Korea joining Indo-Pacific framework
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China's anxieties over Korea joining Indo-Pacific framework
In the past, America’s push for globalisation has benefited the region. Now less dominant in the world economy, the US hopes to reverse such integration to undermine China, but it won’t succeed.
Insisting on a ‘with us or against us’ world view will leave Washington out of step with an Indo-Pacific eager for Chinese involvement and cooperation instead of confrontation.
The US is using a new trick to cheat the island of Taiwan with the so-called “US-Taiwan Initiative on 21st-Century Trade” and people on the island will not get any concrete benefits, but they could be further used by Washington to serve its strategic goal to provoke the Chinese mainland, said experts from both the mainland and Taiwan.
Neither the IPEF nor the Taiwan talks will include the tariff reductions and enhanced market access offered by traditional free trade agreements. Bianchi said IPEF is meant to be a "21st century agreement to really address 21st century problems," including barriers to digital trade such as data localization requirements or onerous regulations that make it difficult for companies to operate in some countries.