TOKYO -- Negotiators for the U.S.-led Indo-Pacific Economic Framework are hammering out the details on how to build stronger and more stable supply chains for products like minerals and semiconductors in a bid to reduce reliance on China.
The U.S. said Tuesday that "strong progress" was made at this fourth IPEF gathering, held May 8-15 in Singapore. Participants in the latest round of talks continued sculpting texts covering the four pillars of the framework: supply chains, trade, "clean economy" and "fair economy."
