The US, Japan and 12 other Indo-Pacific nations said they have agreed to strengthen supply chain resilience for critical technologies and goods such as semiconductors and pharmaceuticals as they work together to reduce reliance on China. The announcement followed a meeting of the US-led Indo-Pacific Economic Framework (“IPEF”).
The IPEF Supply Chain Agreement foresees the establishment of three new bodies to facilitate cooperation: The IPEF Supply Chain Council; the IPEF Supply Chain Crisis Res...
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