URGENT: US-led Indo-Pacific framework to seek high-level trade rules

The United States, Japan and other Indo-Pacific economies said on Friday they had agreed to advance their framework for economic cooperation amid China’s growing influence in the region, s’ committing to pursue high-level business engagements. The 14 members of the Indo-Pacific Economic Framework also agreed to seek coordinated actions to mitigate and prevent future supply chain disruptions and secure critical sectors and key products for their manufacturers, according to a statement. released after a two-day ministerial meeting in Los Angeles.