The 14 member countries[1] in the Indo-Pacific Economic Framework (IPEF), launched by the United States in 2022, achieved a significant milestone in May 2023, when they reached the substantial conclusion of negotiations on IPEF’s second pillar: strengthening the resilience of supply chains. The final text of the proposed IPEF Supply Chain Agreement is not yet available, but it appears to create general rules and institutional arrangements. Its success will therefore depend on its implementation, with an emphasis on specifying concrete actions and perhaps setting up a sector-specific project…
