The Byden administration in the United States has announced the Indo-Pacific strategy, which will be the pillar of foreign policy, and will strengthen cooperation in the field of economic security in addition to security, with a view to countering China, in order to strengthen cooperation in the Indo-Pacific region. He emphasized his willingness to lead the countries of the region by launching a new economic framework at an early stage.
On the 11th, the Byden administration announced an Indo-Pacific strategy with China as its biggest competitor, saying, "It depends on our efforts over the next 10 years whether China will rewrite the rules and norms of the region and the world. He pointed out that he would strengthen cooperation with regional allies and countries outside the region, such as Japan, South Korea, and Australia, in a wide range of fields such as security and economy.
Of these, it is clearly stated that the "Economic Framework of the Indo-Pacific Region" will be launched at an early stage regarding economic security.
The new framework
aims to set common trade rules, such as ▽ labor and environmental regulations, ▽ digital data management, and ▽ supply chain construction.
This is aimed at cooperating with each country to counter China's participation in RCEP = "Regional Comprehensive Economic Partnership," which came into effect last month, and is trying to expand its influence on Southeast Asia and other countries.
The Biden administration has positioned this new framework as an economic partnership to replace the TPP = Trans-Pacific Partnership Agreement, which has indicated its intention not to participate, and emphasized its stance of leading each country in the region.