At its core, the Economic Framework will link major economies and emerging ones to tackle 21st century challenges and promote fair and resilient trade for years to come.
„Ambassador Katherine Tai
In May 2022, the United States launched the Indo-Pacific Economic Framework for Prosperity (IPEF) with Australia, Brunei Darussalam, Fiji India, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, and Viet Nam.
This framework will advance resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness for our economies.
On September 9, 2022, USTR and 12 IPEF partners issued a ministerial statement outlining the scope of future negotiations for the Trade Pillar. The Trade Pillar, includes Australia, Brunei Darussalam, Fiji, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, and Viet Nam.
Negotiating Goals for the Connected Economy (Trade) Pillar
IPEF Pillar I (Trade) Public Summaries
- IPEF Pillar I (Trade) Public Summaries | April 2023
- IPEF Pillar I (Trade) Public Summaries | March 2023
- Negotiating Goals for the Connected Economy (Trade) Pillar | September 23, 2022
- United States and Indo-Pacific Economic Framework Partners Announce Negotiation Objectives | September 9, 2022
- Statement on the Indo-Pacific Economic Framework for Prosperity | May 23, 2022
- FACT SHEET: In Asia, President Biden and a Dozen Indo-Pacific Partners Launch the Indo-Pacific Economic Framework for Prosperity | May 23, 2022
- Video of IPEF Launch in Tokyo, Japan | May 23, 2022
- Federal Register Notice Comments on IPEF Trade Pillar | March 10, 2022
The Indo-Pacific Economic Framework is a clear demonstration of the Biden Administration’s commitment to pursuing economic engagement that benefits American workers, families, and businesses.
„Secretary of Commerce Gina Raimondo
Latest News
- The first negotiating round was held in Brisbane, Australia, from December 10-12, 2022, followed by a special negotiating round on Pillars II-IV in New Delhi, India, from February 8-11, 2023.
- The second negotiating round was held in Bali, Indonesia, from March 13-19, 2023, followed by the third negotiating round in Singapore from May 8-15, 2023.
- On May 27, the IPEF partners met in Detroit, Michigan for a ministerial meeting, during which they acknowledged the progress made in Pillars I (Trade), III (Clean Economy) and IV (Fair Economy) and announced the substantial conclusion of negotiations on a landmark IPEF Supply Chain Agreement under Pillar II.
- The fourth negotiating round was held in Busan, South Korea, from July 9-15, 2023, followed by a fifth negotiating round held in Bangkok, Thailand from September 10-16, 2023.
- The sixth negotiating round was held in Kuala Lumpur, Malaysia from October 15-24, 2023.
- The seventh negotiating round was held in San Francisco, California from November 5-12, 2023.
- USTR and the U.S. Department of Commerce hosted the third in-person ministerial meeting in San Francisco, California on November 13-14, 2023.
- U.S. Press Statement on IPEF Pillar I – November 16, 2023
- On March 15, 2024, USTR and the U.S. Department of Commerce announced the public release of the texts of the proposed Fair Economy Agreement (Pillar IV) and broader procedural provisions of the IPEF.
- On June 6, 2024, Singapore hosted an IPEF Ministerial meeting.
