US to Start Economic Talks With 13 Nations to Counter China
- Indo-Pacific Economic Framework meeting taking place this week
- Commerce, USTR hosting envoys from 13 countries in Los Angeles
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The US is set to host the first gathering of Asian nations on an economic agreement envisioned by the White House as a counter to China’s rising influence in the region.
Thirteen countries are expected to send representatives to the two-day kickoff event starting Thursday in Los Angeles for the Indo-Pacific Economic Framework for Prosperity, or IPEF, which covers about 40% of global gross domestic product. It includes Japan, India, South Korea, Australia and Indonesia, all members of the Group of 20 largest economies.