Axios: Biden launches new Indo-Pacific trade pact
President Biden announced Monday that 13 countries were joining a new, U.S.-led Asia-Pacific trade pact designed to counterbalance the influence of China's government in the region while strengthening ties with allies.
Driving the news: The Indo-Pacific Economic Framework for Prosperity (IPEF) "will enable the United States and our allies to decide on rules of the road that ensure American workers, small businesses, and ranchers can compete in the Indo-Pacific," per a White House statement.
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Update #1: US Announces 13-Nation Indo-Pacific Economic Pact To Counter China's Influence In The Region (Zero Hedge)
Update #2: EXPLAINER: What’s in Biden’s proposed new Asia trade pact? (AP)
WNU Editor: Taiwan will not be included ion this new trade pact .... Taiwan not included in launch of new Biden Indo-Pacific pact (Politico).
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