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. Before Biden unveils the Indo-Pacific Economic Framework, which his aides refer to as IPEF, he called on Japan's Emperor Naruhito and sat for bilateral talks with Prime Minister Fumio Kishida, where security topics are expected to arise.
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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