Recent moves by the US, not least President Biden's recent launch of the Indo-Pacific Economic Framework for Prosperity (IPEF), are meant to woo Asian countries. Several ASEAN countries are receptive to the IPEF and the US naturally considers those who join as "friends". But will this count for much? Japanese academic Seiya Sukegawa examines the many unanswered questions with regard to the new framework.
Economy
In 2020, Japan was ASEAN’s largest export partner of auto parts, making up 17.8% of ASEAN's exports, followed by the US (15.4%) and China (10.2%). However, with the onslaught of the Delta variant of Covid-19 this year, many Southeast Asian countries have imposed factory operation restrictions that have disrupted the supply chain, with Japanese firm Toyota Motor suffering the greatest impact. Japanese academic Sukegawa Seiya examines the issue.