Prime Minister Anthony Albanese has agreed to join US President Joe Biden's newly formed trade initiative with 12 other nations to counter China's expansion in the Asia-Pacific region.
The Biden Administration will hope the economic bloc, which includes Asian powerhouses such as Japan, India and South Korea, will allow America to reassert its dominance back in the region that has been influenced by Beijing.
Prime Minister Anthony Albanese has agreed to sign Australia up to a new trade alliance with the US and 11 other nations. Picture: David Gray/Getty Images It's not know what other countries will be part of the agreement but a formal announcement is set to be made on Tuesday. "We agree with the One-China policy, we signed onto it and all the attendant agreements made from there," the 79-year-old said.
"We remain committed to supporting the peace and stability across the Taiwan strait and ensuring that there's no unilateral change in the status quo."
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