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Trade

U.S. to host APEC in 2023 in push for Indo-Pacific economic pact

Washington keen to lead rule-setting for trade and tech in Asia

U.S. President Joe Biden has proposed an Indo-Pacific Economic Framework as an alternative to CPTPP.    © AP

WASHINGTON -- The U.S. will play host to the Asia-Pacific Economic Cooperation (APEC) meeting in 2023, the White House said Thursday.

"President [Joe] Biden and Vice President [Kamala] Harris offered to host APEC next year because of our focus on expanding and deepening economic ties in the region -- and we thank our fellow APEC economies for supporting the U.S. offer to host," press secretary Jen Psaki said in a statement.

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