Do the IPEF and CPTPP trade frameworks complement or overlap each other?


July 19, 2023, 9:00 AM to 10:00 AM EDT
Virtual Event

Cecilia Malmström (PIIE), Wendy Cutler (Asia Society Policy Institute), Eunice Huang (Google) and Yeo Han-koo (PIIE)

Event Summary

Two large trade frameworks have emerged in the Pacific region: first, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which the United States initiated but left before it entered into force in 2018; and second, the Indo-Pacific Economic Framework for Prosperity (IPEF), an economic agreement—not a trade deal—that formed in 2022, paving the way for cooperation between the United States and 13 countries in the region.

What do these two trade arrangements hope to achieve? Are they overlapping or complementary? Can the IPEF be a tool to de-risk supply chains? Participants in this episode of the Trade Winds event series also discuss what the United States hopes to get out of the IPEF and what the other partners expect from the two agreements.


Cecilia Malmström
Nonresident Senior Fellow, Peterson Institute for International Economics (PIIE)


Wendy Cutler
Vice President and Managing Director, Washington DC office, Asia Society Policy Institute; Former Acting Deputy US Trade Representative

Eunice Huang
Head of Asia-Pacific Trade and Competitiveness Policy, Google

Yeo Han-koo
Senior Fellow, PIIE, Former Trade Minister of the Republic of Korea



About This Series

Trade Winds is a monthly virtual event series hosted by Cecilia Malmström that explores the future of global commerce, including ways that international cooperation on trade can accelerate the recovery from the COVID-19 pandemic.