BANGKOK — The U.S. Department of Commerce and the Office of the United States Trade Representative (USTR) participated in the fifth in-person negotiating round for the Indo-Pacific Economic Framework for Prosperity (IPEF) in Bangkok, Thailand, from September 10-16, 2023. The U.S. delegation was co-led by Sharon H. Yuan, U.S. Department of Commerce Counselor and IPEF Pillars II-IV Chief Negotiator...

Today, Secretary of Commerce Gina Raimondo spoke with Japan’s Minister of Economy, Trade and Industry (METI) Nishimura Yasutoshi to discuss key bilateral trade issues and updates, including the agenda for the next Ministerial meeting of the U.S.-Japan Economic Policy Consultative Committee (Economic “2+2”) and next steps for bringing the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean...

The U.S. Department of Commerce today made publicly available the text of the proposed landmark Indo-Pacific Economic Framework for Prosperity (IPEF) Supply Chain Agreement, marking another major milestone and accomplishment for the Biden-Harris Administration’s innovative approach to economic engagement. Following the release of the final text of the Agreement, the United States and partner...

Earlier this week, Secretary Gina Raimondo addressed the virtual meeting of the Advisory Committee on Supply Chain Competitiveness (ACSCC), the Secretary’s advisory body that provides recommendations to support U.S. supply chain and economic competitiveness. “The last two years of supply chain crises have revealed that the U.S. government needs to invest more in supply chain resilience,” Secretary...

The U.S. Department of Commerce and the Office of the United States Trade Representative (USTR) invite interested stakeholders to take part in two listening session opportunities on the Indo-Pacific Economic Framework for Prosperity (IPEF) for the fifth in-person negotiating round. The fifth negotiating round will take place in Bangkok, Thailand, from September 10-16, 2023. All stakeholder events...

The U.S. Department of Commerce and the Office of the United States Trade Representative today announced that a U.S. delegation will travel to Bangkok, Thailand, from September 10-16 for the fifth negotiating round of the Indo-Pacific Economic Framework for Prosperity (IPEF). In Bangkok, the IPEF partners will continue to make progress on negotiations towards high-standard outcomes under Pillars I...

By Uma Menon, Office of Public Affairs, International Trade Administration Since President Biden launched the Indo-Pacific Economic Framework for Prosperity (IPEF) in May 2022, it has sparked discussions on innovative ways to enhance longer-term economic cooperation in the Indo-Pacific, the world’s most populous and fastest-growing region. The framework harnesses the economic power of the United...

BUSAN, South Korea—The U.S. Department of Commerce and the Office of the United States Trade Representative (USTR) participated in the fourth in-person negotiating round for the Indo-Pacific Economic Framework for Prosperity (IPEF) in Busan, South Korea from July 9-15, 2023. The U.S. delegation was co-led by Sharon H. Yuan, U.S. Department of Commerce Counselor and IPEF Pillars II-IV Chief...

Today, U.S. Secretary of Commerce Gina Raimondo hosted an Indo-Pacific Economic Framework for Prosperity (IPEF) virtual ministerial meeting that was attended by representatives from Australia, Brunei, Fiji, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Republic of Korea, Singapore, Thailand, and Vietnam. Building on the positive momentum coming out of the Detroit ministerial meeting...

Today, Deputy Secretary Don Graves met with Singapore’s Minister for Foreign Affairs Vivian Balakrishnan to discuss U.S. economic engagement in Southeast Asia and the Indo-Pacific region. Deputy Secretary Graves underscored the Commerce Department’s commitment to promoting a peaceful, secure, and prosperous Southeast Asia and thanked Singapore for its continued support and leadership in the Indo...