GENERICO.ruWorldBiden: IPEF will bring 'concrete benefits' to Indo-Pacific

Biden: IPEF will bring 'concrete benefits' to Indo-Pacific


US President Joe Biden. File photoTOKYO, May 23 US President Joe Biden, meeting with Japanese Prime Minister Fumio Kishida in Tokyo, said that the Indo-Pacific Economic Framework (IPEF), which will be announced later Monday, will will bring “concrete benefits” to people in the region. The meeting was broadcast by NHK TV channel. US President. The US sees IPEF as a new economic arrangement of the 21st century, a model for solving modern problems: from setting the rules of the digital economy to ensuring sustainable supply chains. The new US initiative is called an attempt to replace the existing Trans-Pacific Partnership (TPP), from which America withdrew under President Donald Trump. Under the new US administration, Japan has renewed efforts to bring America back to the TPP, but in connection with the creation of a new structure, has already announced its intention to work closely “with the US to create an economic order that is favorable to the region and includes America.”Japanese PM says Tokyo and Washington should lead the world

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