America’s Watery Indo-Pacific Alphabet Soup
US President Joe Biden recently launched the Indo-Pacific Economic Framework for Prosperity, a new grouping aimed at ensuring that China does not gain economic leadership of the region. But unless America is willing to provide greater access to its domestic market, Biden’s effort is unlikely to succeed.
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TOKYO – In May, US President Joe Biden visited South Korea and Japan with the aim of reaffirming America’s commitment to the Asia-Pacific region after the uncertainties and doubts generated by Donald Trump’s presidency. In Tokyo, Biden launched the Indo-Pacific Economic Framework for Prosperity (IPEF) and participated in a summit of the Quad, an informal security grouping that also includes Japan, Australia, and India.