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Already low expectations for "deliverables" at the Asia-Pacific Economic Cooperation summit in San Francisco took a further blow on the eve of Wednesday's meeting between Xi Jinping and Joe Biden when the latter's administration acknowledged that a key multilateral trade initiative was mired in American political infighting. US Treasury Secretary Janet Yellen described "substantial progress" in negotiating the trade section of the Indo-Pacific Economic Framework on Monday, the knottiest of the f

It’s a successor to Trans-Pacific Partnership free trade agreement from which Trump had withdrawn

The United States stumbled again in trade negotiations with Asia-Pacific partners this week, a setback that analysts say could weigh on America's standing as a partner in the face of China's growing influence."To see the United States fail to deliver on trade negotiations in the Indo-Pacific again would further damage US credibility as a trade partner in the future," said Thibault Denamiel of the Center for Strategic and International Studies.

Particularly on the need for mobilizing affordable financing for clean economy transition and for enhancing technology cooperation, , IPEF, piyush goyal

The United States and 13 other countries engage in Indo-Pacific Economic Framework talks set the stage for their leaders to agree on ways to promote environmentally friendly and fair commercial activities -- meaning almost all areas of President Joe Biden's signature initiative are nearing completion.