President Joe Biden in Tokyo is launching a new Indo-Pacific Economic Framework (IPEF) with 12 other countries in the region, who together are signing up as the first members of the economic partnership focusing on the Asia-Pacific.
“This framework is a commitment to working with our close friends and partners in the region on challenges that matter most to ensuring economic competitiveness in the 21st century,” Biden said. The new collective will not include China or Taiwan.
Indo-Pacific leaders are congregating in Tokyo for a second Quad Summit. In addition to launching the IPEF, Biden will hold distinct bilateral meetings with Indian Prime Minister Narendra Modi and recently-sworn-in Australian Prime Minister Anthony Albanese….