Home World The Indo-Pacific Economic Framework Initiates the U.S.-China Competition for Asia-Pacific Economic Influence? – BBC News in Chinese

The Indo-Pacific Economic Framework Initiates the U.S.-China Competition for Asia-Pacific Economic Influence? – BBC News in Chinese

by admin
The Indo-Pacific Economic Framework Initiates the U.S.-China Competition for Asia-Pacific Economic Influence? – BBC News in Chinese

2 hours ago

image source,Reuters

image caption,

U.S. President Joe Biden, Indian Prime Minister Narendra Modi and Japanese Prime Minister Fumio Kishida attended the launch event of the Indo-Pacific Economic Prosperity Framework (IPEF) on May 23 at the Izumi Garden Gallery in Tokyo, Japan.

On the afternoon of May 23, US President Biden officially announced the launch of the “Indo-Pacific Economic Framework” (IPEF) in Tokyo, Japan. Reuters said the move was an attempt by the United States to salvage the losses caused by Trump’s withdrawal from the Trans-Pacific Partnership (TPP).

The first batch of 13 member countries are the United States, South Korea, Japan, India, Australia, New Zealand, Indonesia, Thailand, Malaysia, the Philippines, Singapore, Vietnam, and Brunei. The participating countries together account for about 40% of the world economy,

“This framework is a commitment to working with our close friends and partners in the region to address the most important challenges of ensuring economic competitiveness in the 21st century,” Biden said.

U.S. officials have also mentioned China’s role, such as “providing Indo-Pacific countries with a different approach to key issues than China”; another example, “arrangements independent of China.”

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy