White House national security adviser Jake Sullivan confirmed that Taiwan isn't among the governments signed up for the launch of the Indo-Pacific Economic Framework, a trade pact that's meant to allow the U.S. to work more closely with key Asian economies on issues including supply chains, digital trade, clean energy and anticorruption. The U.S. president is slated to highlight the launch of the framework as he meets with Japanese Prime Minister Fumio Kishida on Monday.
"We are looking to deepen our economic partnership with Taiwan including on high technology issues, including on semiconductor supply," Sullivan said. “But we’re pursuing that in the first instance on a bilateral basis." The framework is meant to establish Biden’s economic strategy for the region. Matthew Goodman, the senior vice president for economics at Center for Strategic and International Studies in Washington, suggested that some Pacific signatories will be disappointed because the pact is not expected to include provisions for greater access to the U.S. market.
“I think a lot of partners are going to look at that list and say: That’s a good list of issues. I’m happy to be involved," said Goodman, a former director for international economics on the National Security Council during President Barack Obama's administration.
Biden Indo-Pacific pact focus is on American families, allowing the U.S. work closer with key Asian economies on supply chains, digital trade, clean energy, anticorruption, early warnings for supply chains to avoid empty shelves. It will NOT include greater access to U.S. market.
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