Biden announced launch of Indo-Pacific Economic Structure

US President Joe Biden during a trip to South Korea and Japan, together with 12 partners from the region, launched the Indo-Tikhookean economic system for prosperity (IPEF), the White House said.

“IPEF will strengthen our connections in this most important region in order to determine the development in the coming decade as for technological innovation and the global economy. The system will create a more solid, honest and sustainable economy for families, workers and businesses in the USA and Indo -Tikhokeian region, ”the statement said.

According to information, the structure was launched together with Australia, India, Japan, South Korea, New Zealand and other countries. The purpose of the structure is to strengthen economic contacts between partner countries, make these contacts stable, fair.