President Joe Biden is launching a new Indo-Pacific Economic Framework for Prosperity (IPEF) with 12 other countries in the region, which together are signing up as the first members of the economic partnership focusing on the Asia-Pacific.
Australia, Brunei, India, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and Vietnam have signed up to be part of the IPEF initiative. The new collective won’t include China or Taiwan.
