The proposed IPEF Fair Economy Agreement targets three overarching areas through commitments to: (i) prevent and combat corruption and related financial crimes; (ii) improve tax administration; and (iii) increase cooperation, information sharing, and technical assistance and capacity building on these issues. The 14 IPEF partners aim to enhance the trade and investment environment across their economies by working together to ensure the effective implementation and enforcement of a wide range of measures to prevent and combat corruption and to improve tax transparency and the exchange of information, domestic resource mobilization, and tax administration. Working to create a more transparent, predictable trade and investment environment across the IPEF partners’ markets will benefit American workers and businesses as well as those of the other IPEF partner countries.
The proposed IPEF Fair Economy Agreement is available here.
