Translated by: Tokyo Sakura Group – Garrettw
NHK news reported on May 19, White House Assistant to the President for Security Policy Sullivan said at a press conference on the 18th that President Biden would begin visiting South Korea and Japan on the 20th. Sullivan emphasized the importance of this visit, which is a critical time for the United States’ leadership in the Pacific.
Prime Minister Kishida plans to announce that Tokyo will join an Indo-Pacific Economic Framework (IPEF) during President Biden’s visit to Japan. The conference aims to announce the official launch of the negotiation of the related mechanism, chaired by President Biden. As the leaders in Southeast Asia and other countries will also attend the conference through the internet, the U.S. intends to make it a place to promote cooperation with each country.
The “Indo-Pacific Economic Framework” was an idea President Biden addressed at the East Asian Summit (EAS) last October. The U.S. Minister of Commerce Raimondo said the Indo-Pacific countries “have a strong interest in a more visible U.S. presence and an aggressive economic strategy” that “will focus on the important fields that will shape economy and supply chain for decades to come.” Sullivan said, “this is a new framework for the 21st century, designed to address the new economic challenge, such as setting the regulations for the digital economy, ensuring a strong supply chain, and energy transformation.”
Japanese Chief Cabinet Secretary Matsuno Hirokazu said at a press conference on the 18th: “ We are actively discussing joining the Indo-Pacific Economic Framework (IPEF),” led by the U.S. “This indicates that the U.S. will actively participate in the Indo-Pacific region, and we welcome that,” Matsuno said.
Yonhap News Agency reported on the 18th that the South Korean government has decided to join the “IPEEF” as an initial member country. President of South Korea Yoon Seok-youl will attend the summit in Japan via video connection on the 24th.
Reference link: https://gnewsapp.com/post/p2562209/
Proofread by: MachineCat
Edited and Posted by: MachineCat
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