Indo-Pacific framework to begin with 13 nations, including India

'We're writing the new rules,' Biden says, but Taiwan not included

20220523 Indo-Pacific Economic Framework for Prosperity

U.S. President Joe Biden, Japanese Prime Minister Fumio Kishida and Indian Prime Minister Narendra Modi participate in the Indo-Pacific Economic Framework launch event at the Izumi Garden Gallery in Tokyo on May 23. © AP

KENTARO IWAMOTO, Nikkei staff writer

May 23, 2022 16:17 JST

Updated on May 23, 2022 18:04 JST

TOKYO -- The U.S. government has announced that its new economic grouping for the Indo-Pacific will begin with 13 inaugural members, accounting for about 40% of the world's gross domestic product.

The 13 initial members of the group, the Indo-Pacific Economic Framework (IPEF), are the U.S., Japan, India, South Korea, Australia, Indonesia, Thailand, Singapore, Malaysia, the Philippines, Vietnam, New Zealand and Brunei, the Biden administration said Monday.