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
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
