President Biden and leaders from a dozen countries in the Indo-Pacific region on Monday endorsed a new economic platform meant to counter China’s influence through cooperation on global issues such as supply chains, clean energy and digital rules.
The Indo-Pacific Economic Framework marks the Biden administration’s most ambitious attempt to build economic ties with Asian nations after the U.S. under then-President Donald Trump pulled out of the Trans-Pacific Partnership in 2017. U.S. officials said the framework represented a new approach to cooperation that moves beyond a traditional trade agreement.
