A new U.S.-led economic group has been born. The Indo-Pacific Economic Framework kicks off with 14 members. They vow to build more resilient supply chains and to write the rules for digital trade.
The Nikkei View
Indo-Pacific Economic Framework can add stability to region
Byproduct of US-China rivalry has potential to benefit local companies
From left, Japanese Prime Minister Fumio Kishida, U.S. President Joe Biden and Indian Prime Minister Narendra Modi attend the IPEF launch event in Tokyo on May 23. © Reuters
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