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View all search resultsA centerpiece of the Biden administration's efforts to deepen economic ties with Asian nations and counter China's rising dominance in the Pacific, the IPEF is a forum for multilateral talks aimed at forging agreements in a range of areas, including trade.
Biden is expected to outline progress on IPEF which will bring together three of the world's largest five economies -- the United States, Japan and India -- as well as Australia, South Korea and much of Southeast Asia, but not China.
Biden greeted President Joko "Jokowi" Widodo at the White House as the two leaders prepare for a Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, where Washington hopes to reduce friction with Beijing. Biden is due to meet Xi on Wednesday.
Negotiators from 14 countries are racing to close out chapters of the Indo-Pacific Economic Framework for Prosperity in hastily arranged talks this week, with announcements expected on cooperation to accelerate the clean energy transition and to fight corruption and tax evasion.
The two sides have not formally announced the date but have made arrangements to hold the meeting on the sidelines of the upcoming Asia-Pacific Economic Cooperation summit, which the United States is hosting, according to a US official and a Washington-based diplomat, both speaking on condition of anonymity.
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