The U.S. Division of Commerce (Commerce) and the Workplace of the USA Commerce Consultant (USTR) participated within the second negotiating spherical for the Indo-Pacific Financial Framework for Prosperity (IPEF) in Bali, Indonesia, from March 13-19, 2023.
The U.S. interagency delegation was co-led by Sharon H. Yuan, U.S. Division of Commerce Counselor and IPEF Pillars II-IV Chief Negotiator and Sarah Ellerman, IPEF Pillar I Chief Negotiator and Assistant United States Commerce Consultant for Southeast Asia and the Pacific (Appearing).
Prematurely of the negotiations in Bali, USTR shared Pillar I (Commerce) negotiating textual content with IPEF Companions for the next subjects: labor, atmosphere, digital commerce, and technical help. That is along with negotiating textual content that was shared forward of the Brisbane spherical for the next chapters: commerce facilitation, agriculture, companies home regulation, and transparency and good regulatory practices. Officers from Australia and New Zealand collectively shared a textual content proposal on inclusivity.
Furthermore, Commerce shared negotiating textual content for Pillar II (Provide Chains) and Pillar IV (Truthful Financial system) upfront of the Brisbane spherical, and for Pillar III (Clear Financial system) upfront of the particular negotiating spherical in New Delhi.
In Bali, IPEF Companions exchanged views on the proposed new textual content and performed follow-up conversations from the Brisbane and New Delhi rounds as they work to advance a shared imaginative and prescient for an open, related, affluent and resilient Indo-Pacific area.
On the margins of the Bali negotiating spherical, the U.S. delegation, pillar leads and the Chief Negotiators, held briefings with congressional employees and a various vary of stakeholders to supply updates on the negotiations.
Collectively, these briefings underscore the Biden-Harris Administration’s sturdy dedication to transparency and offering the general public with larger perception into the negotiations.
IPEF Companions have dedicated to an aggressive negotiating schedule all through 2023. The first negotiating round was held in Brisbane, Australia from December 10-15, 2022. Commerce additionally participated in a special negotiating round in New Delhi, India from February 8-11, 2023. Commerce and USTR will launch further particulars in regards to the subsequent in-person negotiating spherical at a later date.
For extra data on IPEF, please go to www.commerce.gov/indo-pacific-economic-framework.