TOKYO — Indo-Pacific Economic Framework countries will agree to improve information sharing and a system that enables alternative supply chain sources in case of disruptions through dedicated centers for such purposes, according to a draft joint statement expected to be delivered at a ministerial meeting scheduled for Thursday and Friday.
The 14 countries participating in the U.S.-led economic initiative — which also intends to counter China’s ever-growing influence — are aiming to prepare for shortages and shutdown of supply in semiconductors and important materials.
