The U.S. Department of Commerce and the Office of the United States Trade Representative (USTR) participated in the fifth in-person negotiating round for the Indo-Pacific Economic Framework for Prosperity (IPEF) in Bangkok, Thailand, from September 10-16, 2023.
Building on the discussions that took place during the fourth negotiating round in Busan, South Korea, in July 2023, the IPEF partners "continued to make progress on negotiations" towards high-standard outcomes under Pillars I (Trade), III (Clean Economy), and IV (Fair Economy).
Officials also "continued discussions on the next steps" for the proposed IPEF Supply Chain Agreement (Pillar II) following the substantial conclusion of negotiations in May and public release of the text on September 7.
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