US begins a series of meetings with ministers from Asia-Pacific in Los Angeles at a summit aimed at countering China's influence in the region
IPEF brings together the United States, Australia, Brunei, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand and Vietnam.
With this new trade partnership, the Biden administration hopes to reinforce its presence in a region that felt cold-shouldered under former president Donald Trump. Washington hopes to forge common standards throughout the region, but without promoting access to its domestic market in the manner of a traditional free trade agreement.Discussions will focus on four main points: the digital economy, supply chains, green energy, and the fight against corruption.
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