To counter China's influence in the Indo-Pacific, 14 countries, including the US and Japan, gathered on the sidelines of the 2023 APEC meeting to negotiate the Indo-Pacific Economic Framework for Prosperity. While agreements on trade are yet to be concluded, consensus was reached on "clean" and "fair" economy. How will the US-led initiative affect countries in the region? Michael Froman, former US Trade Representative, shares his insights.