United States to Participate in Seventh Indo-Pacific Economic Framework for Prosperity (IPEF) Negotiating Round in San Francisco
AMTV/Washington D.C., Nov 1 – 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 San Francisco, California, from November 5-12, 2023, for the seventh in-person negotiating round of the Indo-Pacific Economic Framework for Prosperity (IPEF).
In San Francisco, the IPEF partners will continue to make progress on negotiations towards high-standard outcomes under Pillars I (Trade), III (Clean Economy), and IV (Fair Economy).
The U.S. interagency delegation will be co-led by Sharon H. Yuan, U.S. Department of Commerce Counselor and Chief Negotiator for Pillars II-IV, and Sarah Ellerman, IPEF Pillar I Chief Negotiator and Assistant United States Trade Representative for Southeast Asia and the Pacific.
The first negotiating round was held in Brisbane, Australia, from December 10-12, 2022, followed by a special negotiating round on Pillars II-IV in New Delhi, India, from February 8-11, 2023.
The second negotiating round was held in Bali, Indonesia, from March 13-19, 2023, followed by the third negotiating round in Singapore from May 8-15, 2023.
On May 27, the IPEF partners met in Detroit, Michigan for a ministerial meeting, during which they acknowledged the progress made in Pillars I (Trade), III (Clean Economy) and IV (Fair Economy) and announced the substantial conclusion of negotiations on a landmark IPEF Supply Chain Agreement under Pillar II.
The fourth negotiating round was held in Busan, South Korea, from July 9-15, 2023, followed by a fifth negotiating round held in Bangkok, Thailand from September 10-16, 2023.
The sixth negotiating round was held in Kuala Lumpur, Malaysia from October 15-24, 2023.
In May 2022, the United States launched the Indo-Pacific Economic Framework for Prosperity (IPEF) with Australia, Brunei Darussalam, Fiji India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, and Vietnam.
This framework will advance resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness for our economies. Through this initiative, the IPEF partners aim to contribute to cooperation, stability, prosperity, development, and peace within the region. This framework will offer tangible benefits that fuel economic activity and investment, promote sustainable and inclusive economic growth, and benefit workers and consumers across the region. The 14 IPEF partners represent 40 percent of global GDP and 28 percent of global goods and services trade.
This framework launch discussions of future negotiations on the following pillars: (1) Trade; (2) Supply Chains; (3) Clean Energy, Decarbonization, and Infrastructure; and (4) Tax and Anti-Corruption. The IPEF is designed to be flexible, meaning that IPEF partners are not required to join all four pillars.