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Supply chain agreement

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...

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