Page 16 - Pef News Today

"We are writing new rules for the 21st-century economy. We are going to have all our country's economies grow faster and fair," US President Joe Biden said.

U.S. President Joe Biden on May 23 launched an Indo-Pacific economic initiative joined by a dozen countries including Japan, setting the stage for deeper engagement in the fast-growing region where China is expanding its clout.

The IPEF is an attempt by the U.S. to reassert its economic leadership in the region after it withdrew from a major Asia-Pacific trade pact in 2017 under Donald Trump.

Russia's invasion of Ukraine has killed thousands and displaced 14 million people, while the West's attempt to isolate Russia as punishment and Moscow's blockade of grain shipments from Ukraine's Black Sea ports, have sent the price of oil, natural gas, grains, cooking oil and fertilisers soaring. Biden's Asian economic talks include 13 countries, and no China President Joe Biden launched his plan for U.S. economic engagement in Asia on Monday, leaving it to the 13 founding...

Broadening alliance

South Korea secures stronger US commitment against North Koreas threats

BANGKOK (AP) — With world economies all suffering from more than two years of the...

New era of alliance

US-led initiative expected to bolster economic partnership with Korea

Roadmap for Korea-US technology cooperation