(Washington Composite Electric) U.S. President Bynden will start the Indo -Pacific Economic Framework (IPEF) to increase the participation of the United States in the Indo -Pacific region during his visit to Japan on the 22nd.For this multilateral economic cooperation mechanism promoted by the United States, South Korea decided to become the initial member country.
Bynden went to South Korea and Japan from the 20th to 24th of this month. This is the first time he visited Asia as a president.U.S. Minister of Commerce Raymond on Tuesday said that Biden will start the Indo -Pacific Economic Framework in which everyone is in Japan.
Raymond is one of the American cabinet officials responsible for promoting the Indo -Pacific Economic framework.She said that the U.S. Department of Commerce is leading several pillars of this framework, including supply chain elasticity, clean energy, decarburization and infrastructure, and taxation and anti -corruption.EssenceThe U.S. government also sought to incorporate digital problems such as localization and cross -border data flow into the framework.
Raymond Duo said: "We are full of enthusiasm for this plan. I spent a lot of time discussing with peers in the Indo -Pacific region. They strongly demanded that the United States increased its existence in the Indo -Pacific region and developed a positive economic strategy."
South Korea decides to be the initial member country
TheIndo -Pacific Economic Framework is the idea of Biden at the East Asian Summit last October.The South Korean government has decided to be the initial member of this multilateral mechanism.
The Office of the Presidential Palace of South Korea said on Tuesday that South Korean President Yin Xiyue will attend the summit held in Japan on the 24th in the form of a video connection.
Yin Xiyue pointed out in Parliament on the 16th that he would discuss the plan to strengthen the supply chain cooperation through this framework, which has officially stated that he would join this framework.According to the Yonhap News Agency, Yin Xiyue showed to Biden's willingness to actively support and join at the Han and American summit talks on the 21st.
For Indo -Pacific Economic Frames, there is a statement that has the global supply chain that squeeze China out of the global supply chain, the first time that the South Korean National Security Office has said at a press conference on Tuesday that this framework aims to build new economic and trade issues based on new economic and trade hotspots.The negotiation mechanism is not to exclude China.
The Secretary -General of Japan's Cabinet Matsuna Welcome to the United States to launch the Indo -Pacific Economic Framework on Tuesday, and he pointed out that this shows that the United States will actively participate in the Indo -Pacific region affairs.
The United States hopes to fill the exit space after the TPP through the framework
The Bayeng government hopes to fill the space that the United States has withdrawn from the Cross -Pacific Partnership Agreement (TPP) during the Trump period through the Indo -Pacific Economic framework.At present, the details of all parties are still unclear about the details of the Indo -Pacific economic framework, but the United States has stated that it will not reduce tariffs or relax the US market access.
Some members of the United States Congress criticized that the new framework lacks substantial content.Ward, director of the Regional Economy and Strategy and Japan Research Team of the Institute of International Strategy, believes that the Indo -Pacific Economic Framework cannot effectively replace the comprehensive progress agreement of cross -Pacific partners (CPTPP, the new version of TPP).He pointed out: "In the operation of the economic field of the Indo -Pacific region, the Bayeng government is far from enough, and China has a lot lead."
