Biden launched the new Indo-Pacific trade deal aimed at strengthening economies as he warned Americans worried about inflation that it is “going to be a haul” before they feel relief.
"So much of the future of the world is going to be written here, in the Indo-Pacific, over the next several decades," Biden said in remarks on May 20, 2022, at a Samsung facility in South Korea.launched a new trade deal with 12 Indo-Pacific nations Monday aimed at strengthening their economies as he warned Americans worried about high inflation that it is "going to be a haul" before they feel relief.
The countries said in a joint statement that the pact will help them collectively "prepare our economies for the future" after the fallout from the pandemic and the war in Ukraine. "I think a lot of partners are going to look at that list and say: ‘That’s a good list of issues. I’m happy to be involved,’" said Matthew Goodman, a former director for international economics on the National Security Council during President Barack Obama’s administration.
Biden, who is in the midst of a five-day visit to South Korea and Japan, called the U.S.-Japanese alliance a "cornerstone of peace and prosperity in the Indo-Pacific" and thanked Japan for its "strong leadership" in standing up to Russia. The two leaders also met with families of Japanese citizens abducted by North Korea decades ago. The White House said Biden "expressed his deepest condolences for their suffering, and called on North Korea to right this historic wrong and provide a full accounting of the 12 Japanese nationals who remain missing."
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Biden launches Indo-Pacific trade deal, warns over inflationTOKYO (AP) — President Joe Biden on Monday launched a new trade deal with 12 Indo-Pacific nations aimed at strengthening their economies as he warned Americans worried about high inflation that it was “going to be a haul” before they feel relief.
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Biden launches Indo-Pacific trade deal, warns over inflationLATEST: Pres. Biden launches a new trade deal with 12 Indo-Pacific nations aimed at strengthening their economies as he warns Americans worried about high inflation that it is “going to be a haul” before they feel relief.
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Biden launches new Indo-Pacific trade pact involving 13 countriesThe pact is designed to counterbalance the influence of China's government in the region while strengthening ties with allies.
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Taiwan not included in launch of new Biden Indo-Pacific pactPresident Joe Biden is expected to unveil a list of countries who will joining a long anticipated Indo-Pacific trade pact, but Taiwan won’t be among them.
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Taiwan Not Included in Launch of New Biden Indo-Pacific PactPresident Joe Biden is expected to unveil a list of countries who will joining a long anticipated Indo-Pacific trade pact, but Taiwan won’t be among them. White House national security adviser Jake Sullivan confirmed that Taiwan isn’t among the governments signed up for Monday’s launch of the Indo-Pacific Economic Framework. It is a trade pact that’s meant to allow the U.S. to work more closely with key Asian economies on issues including supply chains, digital trade, clean energy and anticorruption. Inclusion of the self-ruled island of Taiwan, which China claims as its own, would have irked Beijing. The framework is meant to establish Biden’s economic strategy for the region. Beijing, in anticipation of the launch of the pact, has criticized the U.S. effort.
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