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Bangkok Post

Business

US unveils Asia-Pacific trade framework with Thailand among starting list of members

Joe Biden Asia IPEF Fumio Kishida Thailand Donald Trump Jake Sullivan Tokyo Japan Gina Raimondo

US President Joe Biden, Japanese Prime Minister Fumio Kishida and Indian Prime Minister Narendra Modi attend the Indo-Pacific Economic Framework for Prosperity with Prime Minister Prayut Chan-o-cha and other regional leaders via video link at the Izumi Garden Gallery in Tokyo on Monday. (AFP photo)

TOKYO: US President Joe Biden launched a new Asia-Pacific trade initiative on Monday in Tokyo, with 13 countries including India and Japan signed up, although questions about the pact's effectiveness remain.

Biden formally unveiled the Indo-Pacific Economic Framework for Prosperity, or IPEF, on his second day in Japan, where he held talks with Prime Minister Fumio Kishida ahead of a regional Quad summit on Tuesday.

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