Biden to Launch Indo-Pacific Economic Plan in Next Days in Japan
- President scheduled to be in South Korea, Japan from May 20-24
- Framework expected to include supply chains, clean energy
President Joe Biden
Photographer: Al Drago/BloombergThis article is for subscribers only.
President Joe Biden will launch a long-awaited economic initiative for increasing US involvement in Asia in the coming days during his trip to the region, according to one of the cabinet officials leading the initiative.
The US and its partners will kick off the Indo-Pacific Economic Framework when Biden visits Japan on a May 20-24 trip that also will take him to South Korea, Commerce Secretary Gina Raimondo said. President Yoon Suk Yeol has shown support for the grouping and is expected to announce his government’s intention to join the framework when he speaks with Biden in Seoul on Saturday, the Chosun Ilbo newspaper reported.