IPEF Moves into Implementation Stage

Member countries of the US-led Indo-Pacific Economic Framework began moving into the next phase of the agreement – implementation of the three completed pillars of clean economy, fair economy and supply chains. The fourth pillar of the IPEF – trade – remains stalled and there were no negotiations on trade at the Singapore ministerial.

The countries, at a ministerial meeting in Singapore, committed to work expeditiously on their domestic processes for entry into force of the Clean Economy Agreement, Fair Economy Agreement and Agreement on IPEF.

For the Supply Chain Agreement, IPEF partners are committed to quickly standing up the Supply Chain Council, Crisis Response Network and Labor Rights Advisory Board and to hold initial meetings of the bodies in the coming months.