IPEF envisions lessening the dependence of its 14 member Indo-Pacific nations on China by diversifying their procurement sources.
US-Japan activities on technology and export controls offer promise of greater supply chain resilience and security as IPEF planning meetings continue.
In their inaugural Economic 2+2 meeting, ministers called for fair and transparent development financing for third countries, export controls, and supply chain solutions.
For New Delhi, the new deal provides a good chance to participate in the framing of the ground rules for an equitable trade regime for the...
The IPEF’s primary regulatory focus will be on digital trade, said William Reinsch, a former high level US official in the Clinton Administration.
The four leaders agreed on protecting the international rule of law and condemning “unilateral use of violence in any territory.”
“America is a permanent Pacific power, and countries in this region can rely on America to be a continued presence both for security and economic reasons.”