United States eyes ‘powerful’ Asia economic deal in 2022, Raimondo Says


SINGAPORE, Dec 10 (Bloomberg): The Biden administration aims to sign what could prove a "very powerful” economic framework agreement with Asian nations -- focusing on areas including coordination on supply chains, export controls and standards for artificial intelligence -- next year, Commerce Secretary Gina Raimondo said.

"It’s a priority for the president,” Raimondo, speaking in a roundtable discussion Thursday at Bloomberg headquarters in New York, said of deepening US engagement with Asia. "America didn’t show up in that region for four years,” she said, alluding to the Trump administration’s record.

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