Fiji Joins IPEF, Hinders China’s Pacific Islands Cooperation Scheme

The White House announced on Tuesday that Fiji was joining the U.S. led Indo-Pacific Economic Framework (IPEF) amid China’s e-growing influence in the region. Fiji becomes the first Pacific island nation in the framework.

The White House announcement came just as Chinese Foreign Minister Wang starts his tour of Pacific island nations, including Fiji, to discuss a security pact within the region. Southern Pacific has become an increasingly tense front between Beijing and Washington to assert influence.

The U.S. and its Pacific allies, including Australia, Japan and New Zealand, have been concerned ahead of Wang’s tour of the region, seeking a 10 country deal on security and trade.

The White House said it welcomed Fiji as a founding partner of IPEF, which includes countries from Northeast and Southeast Asia, South Asia, Oceania, and the Pacific Islands.

U.S. National Security Advisor Sullivan said their aim was to unite in commitment to a free, open and prosperous Indo-Pacific region. Sullivan underlined Fiji’s valuable perspective in the fight against climate change.

Biden officially launched IPEF earlier this week during his trip to Asia, which has craved further U.S. economic engagement.

Fiji is the 14th country to join IPEF talks, which exclude China.

Since Trump withdrew from the Trans-Pacific Partnership, the U.S. has been struggling to find a pillar to its Indo-Pacific economic engagement.

IPEF is unlikely to include binding commitments, and some Asian countries and trade experts have expressed skepticism of the plan.

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now


Do you need to access special insights on this matter?

Start your 7-day free trial  and become a member today


Subscribe to Top Insights Today

Subscribe to Executive Newsletter Top Insights Today

The Executive Newsletter -Top Insights Today- puts global business events in perspective through special insights

Join the ranks of global executives and subscribe to Top Insights Today

Top Insights Today covers insights on energy, clean-tech, oil&gas, mining, rare earths, defense, aviation, infrastructure, manufacturing, electrical vehicles, big-tech, finance and politics of business

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Nigeria Could Emerge As a Key Strategic Partner in Europe’s Energy Transition Efforts

Russia’s invasion of Ukraine has caused a massive energy crisis in Europe, results of which have been skyrocketing inflation and fears of recession. While the European Union has been looking for alternative energy sources to Russia, a short term measure has been a pivot to coal. But that solution will not be sustainable in the long term as the bloc aims to phase out fossil fuels. While this longer term goal will develop Europe’s existing domestic industries, such as wind in Denmark and solar in Spain, the bloc still needs to find new partners in order to secure energy supplies. 

U.S. Determined to Boost Semiconductor Manufacturing

U.S. Commerce Secretary Gina Raimondo said efforts in Congress to expand U.S. semiconductor manufacturing by $52 billion could be delayed into 2022. Raimondo still pushes the members of Congress to address the semiconductor supply crisis which forced automakers and other industries to cut production throughout 2021. 

Yamal-Europe Pipeline Flows in Reverse

The Yamal-Europe pipeline, which delivers natural gas from Russia to Germany via Poland, has started flowing in reverse and bring gas from west to the east.  

Stay informed

error: This content is protected !!