Biden unveils US Indo-Pacific economic plan after summits in Japan, South Korea.
More countries join the president's Indo-Pacific Economic Framework for Prosperity.
U.S. President Joe Biden wound up his visit to South Korea and Japan Monday with the announcement of the Indo-Pacific Economic Framework for Prosperity (IPEF), drawing more Southeast Asian involvement than previously anticipated.
A statement by the White House said the U.S.-led regional economic initiative includes a dozen initial partners: Australia, Brunei, India, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and Vietnam; together representing 40% of the world’s GDP.
