The U.S. intends to initiate a new economic framework for the Indo-Pacific in 2022, Commerce Secretary Gina Raimondo said, as the Biden administration aims to reinvigorate America¡¯s standing in the region.
¡°We¡¯re likely to launch a more formal process in the beginning of next year which will culminate in a proper economic framework¡± in Asia, Raimondo said at the Bloomberg New Economy Forum in Singapore on Wednesday. ¡°I am here in the region beginning the discussions, laying the groundwork.¡±
When asked whether that would mean an actual agreement, she said: ¡°Yeah, exactly.¡±
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.