The Latest Breaking News from TPP

The U.S.-led economic grouping of a dozen countries representing 40 per cent of the global GDP proposes to advance resilience, economic growth, competitiveness and fairness in member countries. However, some analysts view it as a move to counter China’s growing influence in the region.

The U.S.-led Indo-Pacific Economic Framework (IPEF) was launched Monday, with the pact positioned as an alternative to the Trans-Pacific Partnership free trade agreement as part of Washington's efforts to counter China.

US President Joe Biden has formally unveiled the Indo-Pacific Economic Framework for Prosperity, which includes 13 founding countries including Australia.

President Joe Biden launched his plan for U.S. economic engagement in Asia on Monday, leaving it to the 13 founding countries to work out how to enforce their agreements and whether China could ever join.

Japan is welcoming a new U.S. economic initiative for the Indo-Pacific that President Joe Biden is expected to roll out during a visit to Tokyo next week because it demonstrates American commitment to a regional economic order that is not just about market access

TAIPEI -- Taiwan President Tsai Ing-wen's decision to lift the ban on imports of food products from Fukushima and four other prefectures appears to be aimed at getting ahead of China in procedures to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (TPP). China applied to join the pact…