With the launch of IPEF, the Biden administration has also taken a critical step toward the goal of deepening the economic ties between the United States and regional countries and building a strong global supply chain with common principles. While IPEF has been criticized for its high barriers to entry and lack of tariff measures, two factors that are often seen as a priority in Southeast Asian trade, most countries in the region want broad access to the U.S. market, and can directly obtain trade benefits.
With the exception of supply chain-related job email list issues, other goals in the Indo-Pacific economic framework, such as clean energy and anti-corruption initiatives, have not been prioritized by member states other than the United States. America's high aspirations for ideals could become a burden for other developing countries, slowing negotiations and deterring would-be countries.
U.S. Trade Representative Katherine Tai said negotiations are expected to begin in mid-summer 2002, while the Indo-Pacific economic architecture will remain a long-term goal and may take years to gain. As for the IPEF as a flexible economic agreement, it will eventually be possible to forge strong links between member states that go beyond economic cooperation in a form different from what is currently envisaged.