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An agreement involving the United States, Japan and other Indo-Pacific economies on supply chain resilience takes effect, in what is being dubbed a first-of-its-kind multinational deal laying out steps for enhancing collaboration in times of significant disruption in the region.
A U.S.-led economic initiative for the Indo-Pacific region came a step closer to completion as the 14 negotiating nations agreed on two of three remaining pillars, allowing their leaders to showcase a framework seen as a counter to China's rise.
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.