The Indo-Pacific Economic Framework: What It Is and Why It Matters
U.S. President Joe Biden formally introduced the Indo-Pacific Economic Framework, or IPEF, this week during his first tour of Asia, revealing Washington’s long-awaited Asia-Pacific economic strategy. It comes five years after the United States unilaterally withdrew from the Trans-Pacific Partnership, a trade agreement signed by 12 countries in Asia-Pacific, North America and South America. With …
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