A New Field of Rivalry in the Indo‐Pacific: IPEF Versus RCEP?

ABSTRACT After the Second World War and decolonization, the creation of the Association of Southeast Asian Nations (ASEAN) has stood as a beacon of multilateral cooperation and a testament to the strength and resilience of Southeast Asian countries in their efforts to strengthen trade and economic development. Today, ASEAN has emerged as a global financial powerhouse, guiding multilateral cooperation, and occupying a pivotal role in the Regional Comprehensive Economic Partnership (RCEP). The ascent of China and India, particularly, has nevertheless stirred concerns in the West, as they reemerge to challenge their dominance in shaping global trade rules. The potential ensuing shift in power dynamics has prompted the United States to respond, launching in 2022 the Indo‐Pacific Economic Framework for Prosperity (IPEF), and attempting to establish a new order in the Indo‐Pacific. This article aims to respond to the question of whether the rivalry between RCEP and the IPEF may produce adverse effects and influence geopolitical stability.