How will Indo-Pacific trade announcement impact global economy?

May 24, 2022

President Joe Biden is taking new steps on global trade. He announced a partnership on Tuesday with a dozen other countries in the Indo-Pacific.

he president painted an optimistic vision for the new Indo-Pacific economic framework.

“Signing up to work towards an economic vision that will deliver for all people,” Biden said.

Susan Aaronson is an international affairs professor at George Washington University. She says right now, the framework is really just ideas, not substantive commitments.

“A framework that nations have agreed to discuss further. But that’s all we have, and that’s a big maybe,” Aaronson said.

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