![]() need to focus on matching their interests with the interests of IPEF member states and potential members," Nagy said. The current 14 IPEF members - Australia, Brunei, Fiji, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Thailand, the United States and Vietnam - account for about 40 percent of world gross domestic product and 28 percent of the global goods and services trade. President Joe Biden, and now the launch is viewed as a success, Koichi Ishikawa, a research fellow at the Institute of Asian Studies at Asia University in Japan, believes. However, seven of the 10 ASEAN members have joined the U.S.-led framework since its launch in May during a trip to Japan by U.S. Since IPEF is not a conventional trade agreement, there was initial doubt ASEAN nations would participate as it appeared there was little merit for them in joining when market access was off the table. "If there is no tangible benefit, then I don't think members will stay cohesive," said Stephen Nagy, a senior associate professor at International Christian University in Tokyo. Japan can bridge the gaps between the United States and developing countries, sometimes nudging one side into compromise and giving the other tips and advice, according to the official.Īt the two-day talks in Los Angeles last week, ministers from the 14 member countries, including both developed and developing nations, agreed to enter into formal negotiations aimed at establishing a new rules-based economic order after discussing a range of issues including tangible benefits available outside trade liberalization. "So, the important thing now is to keep them on board and make sure no one will be left out," a Japanese Foreign Ministry official said, adding it is not an easy task because each country has its own unique circumstances. Political and economic experts said it is crucial the framework has a diverse membership to become an effective counterweight to China's growing assertiveness. Nishimura stressed at the press conference that IPEF will push forward economic measures as part of the strategy. It is extremely significant," Japan's Economy, Trade and Industry Minister Yasutoshi Nishimura told a press conference after attending the first in-person ministerial meeting of IPEF.ĭespite Japan along with the United States and other like-minded nations actively promoting a free and open Indo-Pacific strategy, critics said their efforts lack an economic aspect. "The United States clearly showed its economic re-engagement in the Indo-Pacific region. However, the United States is not a member of the CPTPP nor RCEP, and there have been voices among Association of South East Asian Nations members urging Washington to re-engage economically in the Indo-Pacific region due to concern over China's economic coercion. "Japan is already committed to high-level standards for digital trade and e-commerce so it can be a leader and an example of what can be accomplished (for emerging nation members)," Peck said, adding Japan can lead alongside the United States due to its close ties to Washington and advanced technologies.īeijing is increasing its economic presence across the region as a member of the Regional Comprehensive Economic Partnership Agreement and its influence could grow further if it is granted membership to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, for example. "It could be an effective mechanism or platform to counter China's growing influence both economically and geopolitically in the region," Brian Peck, executive director of the Center for Transnational Law and Business at the University of Southern California in Los Angeles, told Kyodo News in an interview. ![]() ![]() Mary goes to the bank).Japanese Economy, Trade and Industry Minister Yasutoshi Nishimura (front) attends the first day of a two-day ministerial meeting of the U.S.-led Indo-Pacific Economic Framework in Los Angeles on Sept. The program will sound like a kindergarten English lesson in the USA using very simple sentences (e.g. Language Studio ( 1008 AM in Beijing) - a one hour program that teaches English for someone who only knows Mandarin (not to be confused with Chinese Studio). Hit FM ( 88.7 FM in Beijing( 24H All Day),88.5 FM in Guangzhou( 06:00-21:00 Beijing Time) )Įasy FM (91.5 FM in Beijing(24H All Day),87.9 FM in Shanghai( Shanghai Edition)( 24H All Day),98.5 FM in Lanzhou) Pete and Leon in the Morning is an English radio airing in Canberra 6-8am weekdays. The CRI English channels that can be heard online are:
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