After pulling out of TPP, US forges Asia trade framework

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AFP

Los Angeles (AFP) – The United States and a group of Asian allies on Friday agreed on a set of negotiating targets, notably on trade and supply chains, as Washington looks to offer an alternative to the economic might of China in the region. At the first ministerial for the Indo-Pacific Economic Prosperity Framework (IPEF), officials sketched the basis for common standards on key pillars, which also include green energy and the fight against corruption, in 14 countries accounting for 40 percent of the global economy. “I feel very confident saying that IPEF will create jobs in the United States…

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