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IPEF nations agree to strengthen supply chains at Detroit meeting

Indo-Pacific nations kick off cooperation to reduce reliance on China

U.S. Trade Representative Katherine Tai, right, and U.S. Commerce Secretary Gina Raimondo address the media during the Indo-Pacific Economic Framework meeting in Detroit, U.S., on May 27.   © Reuters

DETROIT, U.S. -- The U.S.-led Indo-Pacific Economic Framework wrapped up a meeting on Saturday, with trade ministers agreeing to a deal to strengthen supply chains for essential materials such as chips and critical minerals to reduce dependence on China.

This marks the first time the 14 participating countries -- the U.S., Japan, South Korea, Australia, New Zealand, India, Fiji and seven members of the Association of Southeast Asian Nations -- agreed on specific measures since the IPEF launched in Tokyo in May 2022.

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