WASHINGTON -- The U.S. could launch its new Indo-Pacific Economic Framework as early as May, a key trade official said Wednesday, as Washington seeks stronger trade and supply chain ties with Japan and Southeast Asia to counter China's economic influence in the region.
Indo-Pacific
U.S. aims to launch new Indo-Pacific framework as early as May
Washington plans nontraditional economic pact to boost Asian presence
The Port of Los Angeles. The new framework is designed to bolster U.S. economic ties in the Indo-Pacific but will not grant greater access to the American market. © Reuters
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