FTAs evolve into economic security agreements

“The Indo-Pacific Economic Framework for Prosperity (IPEF), which includes 14 countries such as Japan, US, South Korea and Vietnam, brought its supply chain agreement into effect in February 2024. It establishes an action plan to diversify sources of critical goods in peacetime and, in the event of crises such as disasters or pandemics, provides for emergency meetings to share information and discuss countermeasures.”

“There are also plans to amend the CPTPP to introduce new provisions for strengthening supply chain resilience. According to a Japanese government official, discussions on revisions have already begun, and the agreement is expected to include measures for member countries to enhance resilience and establish cooperation mechanisms during crises.”

“Last October, China and ASEAN revised their FTA to introduce new supply chain provisions. Japan views this as nothing but a formal maneuver designed to allow China to encircle ASEAN.”

“In 2027, the Regional Comprehensive Economic Partnership (RCEP) agreement, which includes Japan, China, South Korea and ASEAN member states, will be due for revision…”

https://www.thejakartapost.com/opinion/2026/06/30/ftas-evolve-into-economic-security-agreements

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