Ambassador Katherine Tai and Secretary of Commerce Gina Raimondo Virtual Indo-Pacific Economic Framework Ministerial Readout
Jul 27, 2022
Ambassador Katherine Tai and Secretary of Commerce Gina Raimondo Virtual Indo-Pacific Economic Framework Ministerial Readout
[email protected]
Wed, 07/27/2022 – 13:33
Export and investment promotion
FOR IMMEDIATE RELEASE
Wednesday, July 27, 2022
Office of Public Affairs
Yesterday, United States Trade Representative Katherine Tai and Secretary of Commerce Gina Raimondo hosted a virtual ministerial as the Biden Administration continues to develop the Indo-Pacific Economic Framework for Prosperity (IPEF). The ministers had positive and constructive discussions and reaffirmed their collective goal to pursue a high-standard and inclusive economic framework through ongoing and intensified engagements.
This framework will advance resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness for our economies. IPEF partners are engaged in collective discussions to outline the scope of future engagement on the following pillars: trade; supply chains; clean energy, decarbonization, and infrastructure; and tax and anti-corruption. The Office of the U.S. Trade Representative is leading discussions on the trade pillar and the U.S. Department of Commerce is leading discussions on the other three pillars.
With 14 IPEF partners representing 40 percent of global GDP, this framework will help fuel economic activity and investment, promote sustainable and inclusive economic growth, and benefit workers and consumers across the region.
Bureaus and Offices
International Trade Administration
Tags
Indo-Pacific Economic Framework
Indo Pacific
Read the full report from the U.S. Department of Commerce: Read More
