Months after U.S. President Joe Biden first indicated that his administration would launch a new Indo-Pacific Economic Framework (IPEF) that would signal strengthened U.S. engagement with Asian economies, the president, together with the leaders of a dozen countries from across Asia, announced the launch of the IPEF in Tokyo on May 23.
The Biden administration is convinced that the new framework is an opportunity to showcase what senior U.S. officials have described as a “foreign policy for the middle class,” an initiative that fulfills a strategic need while delivering results for U.S. workers and businesses.
The above excerpt was originally published in Foreign Policy. Click here to view the full article.
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