Assessing IPEF’s New Supply Chains Agreement

Photo: JEFF KOWALSKY/AFP/Getty Images
Photo: JEFF KOWALSKY/AFP/Getty Images

Critical Questions by Aidan Arasasingham , Emily Benson , Matthew P. Goodman , and William Alan Reinsch

Published May 31, 2023 CSIS

Negotiators from 14 Indo-Pacific nations concluded negotiations in substance on a new Indo-Pacific Economic Framework for Prosperity (IPEF) Supply Chain Agreement. At a ministerial-level meeting on the margins of an Asia-Pacific Economic Cooperation (APEC) forum gathering in Detroit, Michigan, IPEF parties released a statement outlining major contours of the agreement. The first of four potential agreements that the United States aims to conclude under IPEF, the supply chains agreement represents a positive step toward further economic integration in the Indo-Pacific. However, questions remain about how binding or impactful the supply chains agreement will be and which additional agreements will come to fruition under the framework this year.

Q1: What did IPEF partners agree to under the new Supply Chains Agreement?

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United States and Indo-Pacific Economic Framework Partners Announce Negotiation Objectives

September 09, 2022 Office ò the US Trade Representative

LOS ANGELES – United States Trade Representative Katherine Tai and Secretary of Commerce Gina M. Raimondo hosted counterparts from the 13 Indo-Pacific Economic Framework for Prosperity (IPEF) partner countries – representing over 40% of the global economy – at the first official in-person Ministerial meeting. The ministers had positive and constructive discussions, and announced a substantial milestone in their pursuit of a high-standard and inclusive economic framework.
  
“This meeting was a chance to deepen our partnerships and fill in the details about how we will work collectively to address the challenges and opportunities that will define the 21st century,” said Ambassador Katherine Tai. “After several days of intensive discussions, we have made real progress toward that goal and I am excited to continue developing this Framework, which will unlock enormous economic value for our region and serve as a model for the rest of the world to follow.”

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