IPEF Advances with Key Agreements and Initiatives, Aiming for Concrete Outcomes

The Indo-Pacific Economic Framework for Prosperity marks significant progress with the entry into force of the Supply Chain Agreement and the finalization of key agreements, setting the stage for future cooperation.

• U.S. Secretary of Commerce Gina Raimondo and IPEF partners welcome significant progress in the Indo-Pacific Economic Framework for Prosperity (IPEF), including the entry into force of the Supply Chain Agreement.
• The IPEF partners discussed cooperative work ahead and announced new initiatives under the Clean Economy pillar, including the launch of four new Cooperative Work Programs (CWPs).
• The proposed Clean Economy and Fair Economy Agreements, and the Agreement on IPEF, have been finalized and published, marking a step forward in international cooperation on climate action and fair trade.
• The IPEF partners aim to deliver concrete outcomes under the Framework, with the next ministerial meeting scheduled in Singapore on June 6.
• U.S. and Thailand discuss strengthening diplomatic and commercial ties, emphasizing the importance of collaboration in the digital economy and the role of Thailand in the IPEF.

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