Naoise McDonagh

Lecturer, Institute for International Trade, University of Adelaide

Dr Naoise McDonagh is a lecturer in the Institute for International Trade of the University of Adelaide. His research focuses on how geopolitical tensions are driving transformations within the international political economy, with a particular focus on economic coercion, sanctions and security-driven investment screening. He is also the current president of the Australian Institute of International Affairs South Australia.

US President Joe Biden delivers remarks along with India's Prime Minister Narendra Modi and Japan's Prime Minister Fumio Kishida during the Indo-Pacific Economic Framework for Prosperity (IPEF) launch event at Izumi Garden Gallery in Tokyo, Japan, 23 May 2022. (Jonathan Ernst/Reuters)

No new market access, but IPEF could be a promising start

The newly launched Indo-Pacific Economic Framework for Prosperity has arguably low or no ambition around market access, but perhaps because of its non-contentious nature, could be a promising start. Countries in the region welcome options amid fears of Chinese economic coercion and may just provide the momentum needed when the time is ripe.