Dr Edi said the Asean members who are part of the framework have been pushing for the inclusion of Laos, Myanmar and Cambodia.
IPEF, which was launched by the United States in June 2022, has 14 participating countries, which together account for more than 40 per cent of the global gross domestic product. They are: Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, the US and Vietnam.
He was speaking at a seminar organised by the Iseas-Yusof Ishak Institute in Singapore on Thursday. His comments came after Indonesia hosted the second round of negotiations on the IPEF from March 13 to 19 in Bali. IPEF has been touted as the centrepiece of the US’s strategy for economic engagement with the Indo-Pacfic region. US officials have stated that they do not envision the framework as taking the form of a traditional free trade agreement and is unlikely to include market access or lower tariffs.
“Indonesia envisions a stable and peaceful region that serves as a cornerstone of global stability. We firmly believe that Asean, together with IPEF, can catalyse positive impact across the Indo-Pacific region and unlock new pathways for strengthening partnerships within the region,” he said.
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