IPEF is the newest U.S. acronym that we’re going to listen to much more of as of at the moment. President Joe Biden will tout the brand new Indo-Pacific Financial Framework in the course of the two-day summit with eight ASEAN leaders that begins on Thursday.
The IPEF is designed to attempt to circumvent a few of the home political pitfalls that led to the U.S. exit from the Trans-Pacific Partnership (TPP,) now one in all two continent-wide free commerce agreements in Asia that exclude the US.
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