Women in the Asia and Pacific discussed FTAs and agricultural digitalisation impacting women.
Within the trade pillar, it seems very likely that discussions on agriculture will focus on market access and the non-tariff issues, such as Technical Barriers to Trade and Sanitary and Phytosanitary Measures.
The United States and 13 Indo-Pacific countries on Friday agreed on parameters for negotiating closer trade, environment and economic ties .
India New Delhi has decided to become part of resilient economy, clean economy, and fair economy components of the framework, but it will not join the connected economy (trade) pillar of IPEF.
India Australia leadership dialogue is taking place as India Australia relations have shifted gears and moved into a higher orbit.
Official negotiations on the Indo-Pacific Economic Framework are set to start in Los Angeles, when US Trade Representative and US Commerce Secretary sit down with their counterparts from 13 other participating countries.
The need for another trade agreement in Asia-Pacific has not been established. If countries choose to move forward with Indo-Pacific Economic Framework talks, they must be based on a new model that prioritizes the interests of people instead of just big corporations.
India and the US are ready to be more engaged in the Indo-Pacific economic framework, which will help create more resilient supply chains and partnerships between businesses in the two countries.
The IPEF is the US’s latest strategy to be the global rule-maker on trade, food production, digital and data, the climate crisis, regulating services, corporate power to influence new laws, multinationals’ tax rates, and much else.
This week Trade Ministers from eleven countries will meet with the view to launch negotiations for an Indo-Pacific economic agreement.
The US will host the first in-person IPEF Ministerial meeting in Los Angeles from 8-9 September 2022, which is expected to launch formal negotiations. Some countries may decide not to remain involved in some or all of the IPEF’s “pillars”.
President Joe Biden, who launched the IPEF in May on a trip to Tokyo, wants to use it as a way to raise environmental, labor and other standards across Asia.
Public, congressional input is essential to prevent another TPP.
IPEF will not be a normal trade agreement and hence challenging to negotiate. Here are some of the challenges.
Draft ministerial text for trade pillar of the Indo-Pacific Economic Framework for Prosperity (IPEF)
The US and South Korean governments are expected to initiate negotiations on the framework proposed by US President Joe Biden in August (2022).
The United States can no longer afford to buy geopolitical allies with market access.
The framework is another attempt to bring India into the Western fold while positioning it more strategically in the Indo-Pacific trade network
US Trade Representative Katherine Tai convened an informal ministerial meeting of the Indo-Pacific Economic Framework partner countries.
Minimum core labour standards appear to be a first principle of the US’ IPEF whereas Canada has already signalled to the Indonesian government that worker rights are negotiable in its Indo-Pacific trade deals.