US pledges to set economic rules for Indo-Pacific in new initiative

Politics Economy

The United States aims, through a new Indo-Pacific Economic Engagement Initiative, to establish rules that will bring regional prosperity, U.S. Trade Representative Katherine Tai said Wednesday ahead of the first in-person ministerial meeting in the framework of the initiative. The launch of the Indo-Pacific Economic Framework was announced during US President Joe Biden’s visit to Japan in May and promises to be a key part of his administration’s strategy to engage in the fast-growing region where the China is expanding its influence. The two-day ministerial meeting involving 14 IPEF members, starting Thursday…

Kyodo News

Kyodo News

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