The announcement is one of the centerpieces of Biden's visit to the continent, which began last week in South Korea and is continuing this week in Japan.
The announcement is one of the centerpieces of Biden's visit to the continent, which began last week in South Korea and is continuing this week in Japan. Biden is walking a delicate balance in revealing the Indo-Pacific Economic Framework, which his aides refer to as IPEF.
The economic framework comes with a similar goal. Ever since then-President Donald Trump withdrew the United States from the Trans Pacific Partnership -- the massive trade agreement negotiated during the Obama presidency -- the US has been without a defined plan to engage this region economically.Meanwhile, China has secured several trade agreements with its neighbors, and has sought to wield its economic influence globally through the Belt and Road Initiative.
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