On September 9, 2022, the United States and the Indo-Pacific Economic Framework (IPEF) partner countries – Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand and Vietnam – announced they had reached consensus on ministerial statements for each of the four IPEF framework pillars: Trade, Supply Chain, Clean
TPP/CPTPP
United States Announces Formation of Indo-Pacific Economic Framework
By Scott E. Diamond** on
On May 23, 2022, the United States and several allies in the Asia-Pacific-India region announced the launch of the Indo-Pacific Economic Framework for Prosperity (IPEF) to pursue regional economic engagement. Secretary of Commerce Gina Raimondo stated, “This framework will enable the United States to expand its economic leadership in the Indo-Pacific and work with our…
United States and Japan Conclude First Stage of Trade Agreement
By Thompson Hine International Trade on
In what has been called a “mini-trade deal” or the “first stage” of a broader trade agreement, the United States and Japan have reached agreement in several areas of trade between the countries involving market access, reduced tariffs and digital trade. President Donald Trump announced that Japan will be liberalizing market access for certain U.S.…
Republican Senators Urge President to Re-Engage in TPP Negotiations
By Thompson Hine International Trade on
Twenty-five Republican senators authored a letter to President Trump encouraging his administration to re-engage in Trans-Pacific Partnership (TPP) free trade agreement discussions, which he abandoned shortly after taking office in January 2017. Despite the withdrawal of the United States from TPP negotiations, the remaining 11 countries continued negotiating the newly approved Comprehensive and Progressive Agreement…
TPP Members Reach Agreement on Major Trade Pact
By Thompson Hine International Trade on
Toshimitsu Motegi, the Japanese government official in charge of Trans-Pacific Partnership (TPP) negotiations, announced today that the 11 countries still participating in the negotiations had agreed on a newly revised TPP, which will now be called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This resolution followed last-minute objections from Canada at a TPP…