Biden Announces 13-Nation Indo-Pacific Economic Framework, a New Collective for Asia-Pacific Relations

Contact Your Elected Officials
The Epoch Times Header

President Joe Biden is launching a new Indo-Pacific Economic Framework (IPEF) with 12 other countries in the region, which 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 during a visit to Tokyo.

The new collective won’t 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.

According to a May 22 White House press gaggle, national security adviser Jake Sullivan said a potential Taiwanese invasion “won’t be part of the formal agenda of the Quad,” but the countries will discuss “significant security issues in the Indo-Pacific.”

Sullivan told reporters that the United States continues to work closely with Taiwan, looking to “deepen our economic partnership with Taiwan, including on high-technology issues, including on semiconductors and supply chains,” considering the importance of the self-ruled island in global supply chains. He also reiterated U.S. support for the One China policy guided by the Taiwan Relations Act, three joint communiques, and six assurances.

Ahead of the formal launch of the U.S.-led framework, Chinese Foreign Minister Wang Yi said in a May 22 statement that the United States was forming “small circles” under the banner of “freedom and openness” to contain China.

“Facts will prove that the so-called Indo-Pacific strategy is in essence a strategy to create division, to incite confrontation, and to undermine peace,” he said.

On whether IPEF will be a “closed club,” as alleged by Beijing, Sullivan said it has already secured a wide-ranging membership and that “in addition to the countries that join for the launch tomorrow, others will come along in the months and years ahead.”

The IPEF is “not a security arrangement” and will deal with mostly economic policies, focusing on digital economies and “secure and resilient supply chains,” he said.

By Naveen Athrappully

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

The Kirk Assassination Narrative is Falling Apart

New footage challenges the FBI’s claim that Tyler Robinson shot Charlie Kirk from a UVU rooftop with a .30-06 rifle, casting doubt on the official narrative.

A self-inflicted wound

Leftist propaganda from media, unions, bureaucrats, and schools has indoctrinated the marginalized with an idealized view of socialism and communism.

Katie Porter Syndrome: Toxic Feminism 101

“Katie Porter Syndrome” is a pathology inflicted upon Congressional staffers, the media, and, if the patient gets herself elected governor, all of CA.

The Unique European Social Contract: Effectiveness Over Values

American conservatives often ground their political stances on social issues. The European conversation centers on an effectiveness assessment.

Trump’s Middle East Triumph is Worth Celebrating Even As Peace Remains Elusive 

President Trump’s bold foreign policy defies globalist appeasement, showcasing unwavering American strength and decisive leadership on the world stage.

Trump Set to Become 4th President to Address Israel’s Parliament–What to Know

‘The visit of the U.S. president ... is accompanied by great emotion and expectation,’ an Israeli Ministry of Defense official said.

Supreme Court Won’t Hear Project Veritas Challenge to State Law Blocking Secret Recording

U.S. Supreme Court declined to hear a First Amendment challenge from investigative journalism group against Oregon’s ban on secret recordings.

Katie Porter Syndrome: Toxic Feminism 101

“Katie Porter Syndrome” is a pathology inflicted upon Congressional staffers, the media, and, if the patient gets herself elected governor, all of CA.

Biden Undergoing Radiation, Hormone Treatment for Prostate Cancer

Former President Biden has begun receiving a combination of radiation and hormone treatments for prostate cancer, spokesperson announced.

Trump Names Longtime Adviser Dan Scavino to Key Personnel Position

One of President Trump’s longtime advisers, Dan Scavino, is going to be in charge of selecting and appointing key positions within the executive branch.

First Lady’s Effort Helped Reunite 8 War-Displaced Children With Their Families

First lady Melania Trump said 8 children impacted by the fighting between Ukraine and Russia were reunited with their families on Oct. 9.

Trump Admin Agrees to $20 Billion Rescue Plan for Argentina

The U.S. government has finalized a $20 billion economic rescue plan for Argentina, Treasury Secretary Scott Bessent announced on Oct. 9.

Trump Says He May Invoke Insurrection Act in Portland If Necessary

President Donald Trump on Oct. 6 said he may consider invoking the Insurrection Act in Portland, Oregon, if necessary.
spot_img

Related Articles

Popular Categories

MAGA Business Central