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What consequences will joining Biden’s IPEF have for S. Korea?
The US-led economic framework is designed to reorganize supply chains around the US — possibly sowing the seeds of conflict with China.
Talos Energy pauses Mexico oil arbitration bid amid high-level talks
US-based oil producer Talos Energy has temporarily suspended pursuit of an arbitration claim against Mexico amid high-level talks over one of the country’s flagship offshore projects.
Dairy tariffs renew Canada-US trade spat, threats of retaliation
Canada’s refusal to budge on dairy tariffs is whipping up discontent south of the border, and had at least two US industry groups calling on Washington to retaliate.
DTI bats for two more major trade deals
Aside from the Philippines’ pending accession to the mega free trade deal RCEP, the government is also strongly pushing for the country’s participation in the CPTPP and the Indo Pacific Economic Framework.
Malaysia touts trade access as US Indo-Pacific plan only a ’good beginning’
Malaysia views US President Joe Biden’s proposed Indo-Pacific economic bloc as a welcome initiative but sees a bigger immediate opportunity in selling its access to a China-led trade pact.
‘Indo-Pacific Economic Framework’ not a blessing to Asia
IPEF is created to encourage regional economies to “decouple” from the Chinese market by leading them to alternative supply chains.
US proposes pick-and-choose Indo-Pacific economic framework
A State Department spokesperson said the US was still discussing the mechanics of the framework with its partners but will design IPEF to prioritise flexibility and inclusion
US Indo-Pacific economic initiative launch eyed in May: Japan envoy
The US government aims to launch its Indo-Pacific economic engagement initiative around the time of President Joe Biden’s visit to Japan later in May.
IPEF at the crossroads
"Lobbyists for the giant corporations are celebrating IPEF as the second coming of the TPP," warned Senator Warren.
South Korea’s incoming government considers joining US economic pact
South Korea is "positively considering" joining an Indo-Pacific economic pact planned by the United States, a government official said.
Russia’s meandering return path to investing in Africa – OpEd
United States, European Union and their Pacific allies’ sanctions are fast-driving Russia towards Africa. As the sanctions bite, Russia continues stepping up to realign with Africa, stemming its policy with mountainous pledges.
Biden’s Indo-Pacific Framework: ‘Cloud cuckoo land’
Asian and American trade experts characterize the framework as “weak tea,” consisting of “all of the things the US considers important” but little for Indo-Pacific nations in return for their membership obligations.
Ardern confirms interest in US economic framework
Speaking to a US business summit, Jacinda Ardern has confirmed NZ interest in a major economic initiative out of Washington while calling on the US to be more engaged in the region on trade
S. Korea presses US to ratify key international labor conventions
With the Korean government last year having ratified three conventions, including one prohibiting the use of forced labor, it has now ratified seven of eight core ILO conventions. Meanwhile, the US has ratified only two.
US, UK trade officials to meet for 3rd round of talks in Boston
US and British trade officials will meet again in Boston in June to continue their dialogue on strengthening trade ties.
NI protocol the main barrier to trade deal, says US official
The impasse over the status of the Northern Ireland protocol is one of the main obstacles to a US-UK trade deal, Washington’s trade representative Katherine Tai said.
Britain’s hopes of post-Brexit US trade deal ‘depend on workers’ rights’
Unions from both sides of the Atlantic accuse Boris Johnson’s government of failing to grasp importance of labour rights.
UK ministers expect first trade deals with individual US states to be secured ‘within weeks’
The planned agreements will not be legally binding or cut tariffs, UK trade minister said.
Groups to USTR, USDA: Panama must fully implement trade pact
Panama submitted a formal request to revise the agricultural tariff elimination terms of the US FTA. US agriculture groups urge the Biden administration to oppose any changes to agricultural tariffs, TRQs or safeguards.
What is IPEF, and will it help the US counter China’s influence in the Asia-Pacific?
The Indo-Pacific Economic Framework seeks to establish trade rules and is widely seen as an effort by the US to counter China’s influence in the Asia-Pacific region.