US seeks stronger labour, environmental standards in Asia to counter China ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 34
The US is outlining its goals for a new trade deal with Australia, Japan, South Korea and nine other nations meant to signal the country's commitment to working with the Indo-Pacific region at a time of growing Chinese clout. The Office of the US Trade Representative on Friday released its negotiating objectives for the Indo-Pacific Economic Framework, a deal with the 12 nations launched in May. Among them, the US wants the Indo-Pacific countries to improve their labour and environmental standards and ensure their markets remain open to competition, while also taking steps to ease supply-chain backlogs at border crossings. After the Trump administration's clashes with US allies, Asian countr

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