U.S. Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo hosted counterparts from the 13 Indo-Pacific Economic Framework partner countries. Those partners represent over 40 percent of the world’s economy. At the first official in-person Ministerial meeting, the ministers had positive and constructive discussions and announced a substantial milestone in their pursuit of the framework. “This meeting was a chance to deepen our partnerships and fill in the details about how we will work collectively to address the challenges and opportunities that will define the 21st century,” says Tai. As the meeting concluded, the partners reached a consensus on ministerial statements for each of the four IPEF pillars, including trade, supply chains, clean economies, and fair economies. “After days of intensive discussions, we made real progress toward that goal, and I’m excited to continue developing this Framework, which will unlock enormous economic value for our region and be an example for the world.”
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