ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Indo-Pacific

Indo-Pacific nations to agree on better supply chain communication

IPEF draft statement for Sept. 8-9 meeting also includes push for clean energy

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

TOKYO -- Indo-Pacific Economic Framework countries will agree to improve information sharing and a system that enables alternative supply chain sources in case of disruptions through dedicated centers for such purposes, according to a draft joint statement expected to be delivered at a ministerial meeting scheduled for Thursday and Friday.

The 14 countries participating in the U.S.-led economic initiative -- which also intends to counter China's ever-growing influence -- are aiming to prepare for shortages and shutdown of supply in semiconductors and important materials. 

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more