DHAKA, 04 June 2022, (TON): Washington briefed Dhaka on the Indo-Pacific Economic Framework, a new trade deal launched by US President Joe Biden with the aim of strengthening ties with countries in the region.

Nations joining the US in the IPEF are Australia, Brunei, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and Vietnam. Along with the US, they represent 40% of world GDP.

According to a joint statement issued by the US and Bangladesh governments “Bangladesh welcomed additional information on the supply chain resilience and decarbonization pillars of the IPEF and sought US technical assistance to sustainably explore its ocean resources and further develop its blue economy.”

The statement said “the second US-Bangladesh High-Level Economic Consultation was co-chaired and convened by US Under Secretary of State for Economic Growth, Energy, and the Environment Jose W Fernandez and Private Industry and Investment Advisor to the Prime Minister of Bangladesh Salman F Rahman in the US capital.”