Fourteen countries in US-led Indo-Pacific trade talks agreed on supply chain coordination, the most substantial progress so far in President Joe Biden’s new initiative for the region. Know more:
Fourteen countries in US-led Indo-Pacific trade talks agreed on supply chain coordination, the most substantial progress so far in President Joe Biden’s new initiative for the region.
The IPEF countries include Japan, India and South Korea, which all rank among the 10 biggest national economies in the world. The nations included in the framework represent about $38 trillion in economic output. Steps on supply chains include establishing a council to coordinate in different sectors; preparing emergency responses; and creating a labor rights advisory board to address worker training.
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