White House Publishes Trade Policy for 2023

Posted

Ambassador Katherine Tai and the Office of the United States Trade Representative delivered President Biden’s 2023 Trade Policy Agenda and 2022 Annual Report to Congress.  This report details USTR’s work to implement the Biden Administration’s trade priorities and advance an inclusive, worker-centered trade policy.

President Biden’s 2023 trade agenda continues to focus on “partnership” style trade deals over the more traditional comprehensive free trade agreement, according to a report released yesterday by the US Trade Representative’s Office.

That will come along with enforcing existing trade agreements to ensure partners are living up to their commitments. The 2023 Trade Policy Agenda outlines the Administration’s trade priorities for the year ahead.

“From enforcing the USMCA to creating innovative trade arrangements with our allies and partners, we will continue to pursue an agenda that will deliver sustainable and inclusive economic prosperity for all,” US Trade Representative Katherine Tai said.

Key elements of the 2023 Trade Policy Agenda and 2022 Annual Report

Engaging with Key Trading Partners and Multilateral Institutions: The Indo-Pacific Economic Framework for Prosperity and the Americas Partnership for Economic Prosperity are top priorities for the Administration in 2023, as well as our initiatives with Kenya and Taiwan.

The United States is also stepping up engagement in multilateral institutions and international organizations, such as the World Trade Organization, and by hosting the Asia-Pacific Economic Cooperation forum in 2023. 

Standing up for Workers’ Rights: We are using the United States-Mexico-Canada Agreement to enforce workers’ rights and drive a race to the top in North America. We are also seeking high-standard labor commitments throughout our new trade initiatives. 

Accelerating Decarbonization and Promoting Sustainable Environmental Practices: We will continue to use a range of available tools to advance our environmental goals and combat climate change.

Our work with the European Union on the Global Arrangement on Sustainable Steel and Aluminum remains a top priority. 

Supporting US Agriculture: We are creating new opportunities for American agriculture, including through our new initiatives and existing agreements.

Bolstering Supply Chain Resiliency:  Following President Biden’s Executive Order 14017 (America’s Supply Chains), USTR is actively engaged and coordinated with like-minded partners to develop durable solutions that advance supply chain resilience in critical research such as semiconductors, large capacity batteries, critical minerals and materials, and pharmaceuticals and active pharmaceutical ingredients.

Re-Aligning the US-China Trade Relationship:  The Biden Administration will continue to use all available tools to ensure that China competes fairly. We are actively working with like-minded partners to fight against China’s unfair, anticompetitive practices, which harm workers and businesses in the United States and in other countries. h.

Promoting Confidence in Trade Policy Through Enforcement: This includes enforcing labor and environmental standards, ensuring that regulations are science-based and predictable, and protecting and enforcing intellectual property rights.

Advancing Equitable, Inclusive, and Durable Trade Policy and Expanding Stakeholder Engagement:  We are expanding and sustaining our engagement with more communities, enhancing our understanding of how trade has affected American workers, and incorporating more voices into our policymaking process.

The United States will continue working with trade partners to advance racial and gender equity, equality, and economic empowerment through trade.

The Biden Administration will also continue efforts to improve the scope, granularity, and quality of data and expand research and analytical tools to better inform US trade policy.

Comments

No comments on this item Please log in to comment by clicking here