Improving The International Supply Chain Through IPEF
How IPEF Builds On Prior Trade Relationships Negotiated By The Biden Administration:
In May 2023, the Biden Administration announced the Indo-Pacific Economic Framework for Prosperity (IPEF), a commitment to improving supply chains between the US, and the Indo-Pacific nations of Australia, Brunei, Fiji, India, Indonesia, Japan, Malaysia , New Zealand, the Philippines, Singapore, South Korea, Thailand, and Vietnam.
The stated goal of the IPEF is “to coordinate actions to mitigate and prevent future supply chain disruptions and secure critical sectors and key products for our manufacturers.”
The IPEF also responds to increasing tensions between the US and China that have…