An agreement involving the United States, Japan and other Indo-Pacific economies on supply chain resilience takes effect, in what is being dubbed a first-of-its-kind multinational deal laying out steps for enhancing collaboration in times of significant disruption in the region.
A U.S.-led economic initiative for the Indo-Pacific region came a step closer to completion as the 14 negotiating nations agreed on two of three remaining pillars, allowing their leaders to showcase a framework seen as a counter to China's rise.
The United States and 13 other countries engage in Indo-Pacific Economic Framework talks set the stage for their leaders to agree on ways to promote environmentally friendly and fair commercial activities meaning almost all areas of President Joe Biden's signature initiative are nearing completion.