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HomeBusinessEconomyUnited States to participate in fourth IPEF negotiating round in South Korea

United States to participate in fourth IPEF negotiating round in South Korea

By Caribbean News Global fav

WASHINGTON, USA – The office of the United States Trade Representative and the US Department of Commerce today announced that a US delegation will travel to Busan, South Korea, for the fourth negotiating round of the Indo-Pacific Economic Framework (IPEF) from July 9-15, 2023.

The US interagency delegation will be co-led by Sarah Ellerman, IPEF Pillar I chief negotiator and assistant United States trade representative for Southeast Asia and the Pacific (Acting), and Sharon H. Yuan, US department of commerce counselor and chief negotiator for Pillars II-IV.

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 in 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.

“At its core, the Economic Framework will link major economies and emerging ones to tackle 21st-century challenges and promote fair and resilient trade for years to come.” ~Ambassador Katherine Tai.

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