WATCH LIVE: Biden's new Indo-Pacific Economic Framework for Prosperity seeks to level playing field, facilitate peace
the launch of the new Indo-Pacific Economic Framework for Prosperity , a trade framework involving 13 countries that want economic opportunity outside usually scant trade deals with China.
President Joe Biden meets with Japanese Prime Minister Fumio Kishida at Akasaka Palace, Monday, May 23, 2022, in Tokyo., Malaysia, New Zealand, the Philippines, Singapore, Thailand, Vietnam and the U.S. Together, the countries make up more than 40% of the world’s GDP and Biden said regional unification under the new IPEF creates an environment where these countries can freely decide the rules to allow for a level playing field inU.S. President Joe Biden, front, left, and Japan's Prime Minister Fumio Kishida, front right, listen to the national anthem at the Akasaka Palace state guest house in Tokyo, Japan, Monday, May 23, 2022.
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Taiwan Not Included in Launch of New Biden Indo-Pacific PactPresident Joe Biden is expected to unveil a list of countries who will joining a long anticipated Indo-Pacific trade pact, but Taiwan won’t be among them. White House national security adviser Jake Sullivan confirmed that Taiwan isn’t among the governments signed up for Monday’s launch of the Indo-Pacific Economic Framework. It is a trade pact that’s meant to allow the U.S. to work more closely with key Asian economies on issues including supply chains, digital trade, clean energy and anticorruption. Inclusion of the self-ruled island of Taiwan, which China claims as its own, would have irked Beijing. The framework is meant to establish Biden’s economic strategy for the region. Beijing, in anticipation of the launch of the pact, has criticized the U.S. effort.
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Taiwan not included in launch of new Biden Indo-Pacific pactPresident Joe Biden is expected to unveil a list of countries who will joining a long anticipated Indo-Pacific trade pact, but Taiwan won’t be among them.
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