US to Hold Economic Talks With Asian Nations to Counter China

The video discusses the Indo-Pacific Economic Framework (IPEF), a non-traditional trade agreement initiated by the US and involving 13 other Asia-Pacific countries. Unlike traditional FTAs, IPEF focuses on improving supply chains, clean energy, and infrastructure rather than cutting tariffs. It represents significant US economic engagement in the region since the US withdrew from the TPP. The framework aims to foster cooperation among like-minded countries, with geopolitical implications as global leaders like Putin and Xi Jinping engage in parallel meetings. The IPEF countries account for about 40% of global GDP, highlighting its economic importance.

What geopolitical significance does the IPEF hold?

What recent international meetings are mentioned in relation to the IPEF?