US to host virtual Indo-Pacific trade meet tomorrow; supply chains and taxes on agenda

Published on Jul 25, 2022 07:07 AM IST

Indo-Pacific trade bloc, of which India is a member, will discuss trade, supply chains, clean energy, infrastructure, taxes and combating corruption in Tuesday meeting.

U.S. President Joe Biden listens to other leaders joining the Indo-Pacific Economic Framework for Prosperity (IPEF) launch event virtually, at Izumi Garden Gallery in Tokyo, Japan, May 23, 2022. (Reuters)
U.S. President Joe Biden listens to other leaders joining the Indo-Pacific Economic Framework for Prosperity (IPEF) launch event virtually, at Izumi Garden Gallery in Tokyo, Japan, May 23, 2022. (Reuters)
Reuters |

The United States will host a virtual meeting on Tuesday of officials representing the 14 countries that have joined the Indo-Pacific Economic Framework, as Washington seeks to expand its engagement with Asia.

The ministerial meeting will be hosted by U.S. Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo, their offices announced in a statement on Sunday.

President Joe Biden, who launched the IPEF in May on a trip to Tokyo, wants to use it as a way to raise environmental, labor and other standards across Asia.

Washington has lacked an economic pillar to its Indo-Pacific engagement since former President Donald Trump quit a multinational trans-Pacific trade agreement, leaving the field open to China to expand its influence.

In addition to the United States, the IPEF members comprise Australia, Brunei, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand and Vietnam.

Topics for discussion at Tuesday's meeting include trade, supply chains, clean energy, infrastructure, taxes and combating corruption, the statement said.

Get Latest World Newsalong with Latest Newsfrom Indiaat Hindustan Times.
SHARE THIS ARTICLE ON
SHARE
Story Saved
OPEN APP
×
Saved Articles
Following
My Reads
My Offers
Sign out
New Delhi 0C
Sunday, January 29, 2023
Start 15 Days Free Trial Subscribe Now
Register Free and get Exciting Deals