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Indonesia hedges against US’ economic push

JAKARTA (Jakarta Post/Asia News Network): Indonesia supported the launch of a United States-led regional economic initiative this week but was also adamant about closely studying the proposal before making any concrete commitments, as Washington revelled in the limited fanfare of its “return” to Asia.

Through the Indo-Pacific Economic Framework (IPEF) that he unveiled in Japan on Monday, US President Joe Biden has pledged to “work together with close friends and partners in the region on challenges that matter most to economic competitiveness in the 21st century”.

The programme offers little in the way of a traditional free-trade deal, but foresees integrating partners through US-approved standards in four main areas: the digital economy, supply chains, clean energy infrastructure and anticorruption measures.

The White House claims to have…

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