Japanese media: The US and Japan will invite ASEAN to join the Indo-Pacific Economic Framework

2022-05-22 0 By

The United States and Japan will invite members of the Association of Southeast Asian Nations (ASEAN) to join the Indo-Pacific Economic Framework, the Nikkei Asian Review reported on April 1.It is reported that the US will launch the Indo-Pacific Economic Framework this year.The INDO-Pacific Economic Framework seeks to create a new economic circle around “trusted partners” to prevent shortages of strategic goods such as semiconductors.Details of the plans have not been announced.The United States and Japan are seeking to reduce their economic dependence on China, the report said.The report also said that the INDO-Pacific Economic Framework aims to rebuild supply chains centred on “friendly countries” such as Japan to reduce economic security risks amid Russia’s special military operations in Ukraine and the ongoing global economic turmoil caused by the COVID-19 pandemic.(Compiled/Jin Long) Source: Www.chinanews.com