DETROIT – United States Trade Representative Katherine Tai met with Australia’s Minister for Trade and Tourism, Don Farrell, on the margins of the APEC Ministers Responsible for Trade Meeting.
Ambassador Tai and Minister Farrell welcomed the positive and constructive negotiations on the Trade Pillar of the Indo-Pacific Economic Framework for Prosperity (IPEF). Ambassador Tai reaffirmed the United States’ goal to pursue a high-standard framework that advances resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness.
Ambassador Tai and Minister Farrell discussed their shared concerns and the challenges posed by the policies and practices of China and other non-market economies, including economic coercion, that have created dependencies and vulnerabilities in key sectors. They discussed shared interests in diversifying sources of supply and strengthening resilience in critical supply chains, including through investments in and trade between trusted partners. They also discussed efforts to bring fundamental reform to the World Trade Organization (WTO) that makes the WTO more responsive to the challenges our citizens face and the opportunities they seek in today’s economy.
Ambassador Tai and Minister Farrell also discussed the importance of the U.S.-Australia trade relationship. They committed to remain in regular communication on these and other issues.