Translated by: MOS Gourmet Team – AlexZ
On Nov. 17th, U.S. Commerce Secretary Gina Raimondo said the Indo-Pacific Economic Framework could be launched early next year. The United States will not join the Comprehensive and Progressive Agreement on Trans-Pacific Partnership, but it will seek like-minded countries in the Indo-Pacific region to establish an economic framework that is broader and freer than traditional free trade agreements.
On the other hand, on the same day, the United States and Japan announced the establishment of a new US-Japan Trade Partnership to strengthen cooperation on labor, environment, and digital trade issues, indicating that the focus is on concerns about third countries, but in fact, it is aimed at the CCP.
Analysts said that the above-mentioned measures were taken by the United States to respond to the CCP’s expansion in this region; Washington should continue to keep pressure on Beijing to force the CCP to change its trade behavior.
Proofread by: Saturn
Posted by: Saturn
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