The Trend and Impact of Seven ASEAN Countries'Participation in Indo-Pacific Economic Framework for Prosperity:Based on the Perspective of China-ASEAN Economic Relations
Absrtact:Under the background of global political and economic turmoil,the motivation for seven ASEAN members to participate in the"Indo-Pacific Economic Framework"lies in enhancing the comprehensive strategic partnership between ASEAN and the United States by joining IPEF.The four pillars of IPEF cater to the needs of seven ASEAN members'economic development and industrial transformation,and other members of IPEF play an important role in ASEAN's external economic relations.With the implementation of the four pillars of IPEF,ASEAN members have adjusted their development strategies and industrial policies based on the"Indo-Pacific Outlook of ASEAN"(AOIP)to meet the opportunities and challenges faced by their joining the"Indo-Pacific Economic Frame-work".The influence of the participation of seven ASEAN countries in IPEF on the economic relationship between China and ASEAN is mainly manifested as follows:the reconstruction of regional value chain will weaken the founda-tion of intermediate product trade,intensify the regional competition of clean energy,hinder the"circuitous export"of Chinese-funded enterprises to the United States and increase the tax burden cost of large-scale investment by Chinese enterprises.
ASEANIndo-Pacific Economic Framework for Prosperity(IPEF)Four PillarsPolicy Effects
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