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This was also on the agenda at the 2023 G7 Hiroshima Summit, where member states launched the Coordination Platform on Economic Coercion (CPEC). This mechanism will facilitate information sharing and early warnings so proactive steps can be taken to counteract economic coercion threats.
While Western policymakers have been contemplating this issue and states like Malaysia and Vietnam have publicly objected to economic coercion, the matter has received less attention in Southeast Asia. Southeast Asian states’ hedging…