The Biden Administration has launched the Indo-Pacific Economic Framework for Prosperity (IPEF): https://www.whitehouse.gov/briefing-room/statements-releases/2022/05/23/fact-sheet-in-asia-president-biden-and-a-dozen-indo-pacific-partners-launch-the-indo-pacific-economic-framework-for-prosperity/ involving: Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, and Viet Nam: https://ustr.gov/about-us/policy-offices/press-office/press-releases/2022/july/senior-officials-indo-pacific-economic-framework-meet-singapore.
It has 4 pillars including a trade pillar: https://www.whitehouse.gov/briefing-room/statements-releases/2022/05/23/statement-on-indo-pacific-economic-framework-for-prosperity/.
The attached is the draft ministerial text for IPEF’s trade pilllar.

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