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Significance

The document sets out an action plan for US policy in the region for the next 24 months, or roughly until the end of President Joe Biden’s current term. While the IPS flags some new policy moves, it leaves a number of key questions unanswered, particularly on trade.

Impacts

The IPS underscores US adherence to the 'One China' policy but slightly changes the long-standing related approach of ’strategic ambiguity’.

The Philippine defence sector will welcome frequent mentions of the country as a key South-east Asian ally.

Congress will push for keeping the IPS promise to prioritise renewal of agreements with Micronesia, the Marshall Islands and Palau.

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