Ministers from 14 member states of the US-led Indo-Pacific Economic Framework are expected to announce the start of formal talks this week in Los Angeles, informed sources said, as they work to codify a rules-based economic order in the fast-growing region.
Starting Thursday, the two-day meeting in Los Angeles will be the first face-to-face ministerial meeting of the Indo-Pacific Economic Prosperity Framework, known as IPEF, which US President Joe Biden’s administration created as a means of countering China’s rise in the region.
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