The Way Forward for Japan – U.S. Cooperation Under the Indo-Pacific Economic Framework

During his first visit as head of state to Asia, President Biden launched the Indo-Pacific Economic Framework (IPEF) as a roadmap for the United States to further its economic relations in the world’s most dynamic region. With 13 countries now signed onto the deal, IPEF focuses on four key areas, namely digital trade rules, supply chain resilience, environmental sustainability, and fair taxation.

The White House has declared that IPEF not only meets the needs of the global economy of the 21st century, but it also allows a stronger partnership with like-minded countries. Japan is a key partner for the success of IPEF, and it is expected to further deepen economic relations between Tokyo and Washington. At the same time, Japan, a leading member of the Comprehensive and Progressive Trans-Pacific Partnership agreement (CPTPP) promoting free and fair trade in the Indo-Pacific, is launching its own economic sustainability program, called the New Form of Capitalism.

Join us for a discussion on the outlook for Japan-U.S. economic cooperation in light of the emergence of new trade deals, and how shared economic values between the two countries can help further prosperity as well as democracy and the rule of law in the region.