Indo-Pacific Economic Framework | U.S. Department of Commerce

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<span>Indo-Pacific Economic Framework </span> </a> </div> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/issues/infrastructure"> <span>Infrastructure </span> </a> </div> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/issues/intellectual-property"> <span>Intellectual property </span> </a> </div> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/issues/investing-communities-and-workers"> <span>Investing in communities and workers </span> </a> </div> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/issues/manufacturing"> <span>Manufacturing </span> </a> </div> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/issues/minority-business-growth"> <span>Minority business growth </span> </a> </div> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/issues/regulatory-reform"> <span>Regulatory reform </span> </a> </div> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/issues/space-commerce"> <span>Space commerce </span> </a> </div> </div> <div class="usa-col level-1"> <button class="usa-accordion__button usa-nav__link commerce-menu-sub-levels aria-expanded=" false" aria-controls="basic-nav-section-/issues/trade-enforcement"> <span>Trade enforcement</span> </button> <ul id="basic-nav-section-/issues/trade-enforcement" class="usa-nav__submenu-list" hidden=""> <div class="usa-col level-2"> <a href="/web/20240512095741/https://www.commerce.gov/issues/trade-enforcement/section-232-aluminum"> <span>Section 232: Aluminum </span> </a> </li> <div class="usa-col level-2"> <a href="/web/20240512095741/https://www.commerce.gov/issues/trade-enforcement/section-232-steel"> <span>Section 232: Steel </span> </a> </li> </ul> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/issues/weather-and-satellites"> <span>Weather and satellites </span> </a> </div> </div> <div class="usa-col level-1"> <button class="usa-accordion__button usa-nav__link commerce-menu-sub-levels aria-expanded=" false" aria-controls="basic-nav-section-/issues/workforce-development"> <span>Workforce development</span> </button> <ul id="basic-nav-section-/issues/workforce-development" class="usa-nav__submenu-list" hidden=""> <div class="usa-col level-2"> <a href="/web/20240512095741/https://www.commerce.gov/issues/workforce-development/workforce-development-investments"> <span>Workforce Development – Investments </span> </a> </li> <div class="usa-col level-2"> <a href="/web/20240512095741/https://www.commerce.gov/issues/workforce-development/workforce-development-employer-practices"> <span>Workforce Development - Employer Practices </span> </a> </li> <div class="usa-col level-2"> <a href="/web/20240512095741/https://www.commerce.gov/issues/workforce-development/workforce-development-data"> <span>Workforce Development - Data </span> </a> </li> </ul> </div> </div> </li> <li class="usa-nav__primary-item"> <button class="usa-accordion__button usa-nav__link aria-expanded=" false" aria-controls="basic-mega-nav-section-/news"> <span>NEWS</span> </button> <div id="basic-mega-nav-section-/news" class="usa-nav__submenu usa-megamenu" hidden=""> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/news"> <span>All news </span> </a> </div> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/news/press-releases"> <span>Press releases </span> </a> </div> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/news/blog"> <span>Blog </span> </a> </div> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/news/speeches"> <span>Speeches </span> </a> </div> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/news/fact-sheets"> <span>Fact sheets </span> </a> </div> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/news/op-eds"> <span>Op-eds </span> </a> </div> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/media"> <span>Photos and videos </span> </a> </div> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/live"> <span>Livestreams </span> </a> </div> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/archives"> <span>Archives </span> </a> </div> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/news/media-contacts"> <span>Media contacts </span> </a> </div> </div> </div> </li> <li class="usa-nav__primary-item"> <button class="usa-accordion__button usa-nav__link aria-expanded=" false" aria-controls="basic-mega-nav-section-/data-and-reports"> <span>DATA AND REPORTS</span> </button> <div id="basic-mega-nav-section-/data-and-reports" class="usa-nav__submenu usa-megamenu" hidden=""> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/data-and-reports"> <span>Overview </span> </a> </div> </div> <div class="usa-col level-1"> <button class="usa-accordion__button usa-nav__link commerce-menu-sub-levels aria-expanded=" false" aria-controls="basic-nav-section-/data-and-reports/economic-indicators"> <span>Economic indicators</span> </button> <ul id="basic-nav-section-/data-and-reports/economic-indicators" class="usa-nav__submenu-list" hidden=""> <div class="usa-col level-2"> <a href="/web/20240512095741/https://www.commerce.gov/data-and-reports/economic-indicators/dashboard"> <span>Dashboard </span> </a> </li> <div class="usa-col level-2"> <a href="/web/20240512095741/https://www.commerce.gov/data-and-reports/economic-indicators/release-schedule"> <span>Release schedule </span> </a> </li> </ul> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/data-and-reports/population-statistics"> <span>Population statistics </span> </a> </div> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/data-and-reports/environmental-data"> <span>Environmental data </span> </a> </div> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="https://web.archive.org/web/20240512095741/https://data.commerce.gov/"> <span>Data catalog </span> </a> </div> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/data-and-reports/reports"> <span>Reports </span> </a> </div> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="https://web.archive.org/web/20240512095741/https://performance.commerce.gov/"> <span>Performance data </span> </a> </div> </div> <div class="usa-col level-1"> <button class="usa-accordion__button usa-nav__link commerce-menu-sub-levels aria-expanded=" false" aria-controls="basic-nav-section-/data-and-reports/developer-resources"> <span>Developer resources</span> </button> <ul id="basic-nav-section-/data-and-reports/developer-resources" class="usa-nav__submenu-list" hidden=""> <div class="usa-col level-2"> <a href="/web/20240512095741/https://www.commerce.gov/data-and-reports/developer-resources/data-tutorials"> <span>Data tutorials </span> </a> </li> <div class="usa-col level-2"> <a href="/web/20240512095741/https://www.commerce.gov/data-and-reports/developer-resources/bureau-apis"> <span>Bureau APIs </span> </a> </li> <div class="usa-col level-2"> <a href="/web/20240512095741/https://www.commerce.gov/data-and-reports/developer-resources/commercegov-api"> <span>Commerce.gov API </span> </a> </li> <div class="usa-col level-2"> <a href="/web/20240512095741/https://www.commerce.gov/rss"> <span>RSS feeds </span> </a> </li> </ul> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/data-and-reports/data"> <span>Data </span> </a> </div> </div> </div> </li> <li class="usa-nav__primary-item"> <button class="usa-accordion__button usa-nav__link aria-expanded=" false" aria-controls="basic-mega-nav-section-/work-with-us"> <span>WORK WITH US</span> </button> <div id="basic-mega-nav-section-/work-with-us" class="usa-nav__submenu usa-megamenu" hidden=""> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/work-with-us"> <span>Overview </span> </a> </div> </div> <div class="usa-col level-1"> <button class="usa-accordion__button usa-nav__link commerce-menu-sub-levels aria-expanded=" false" aria-controls="basic-nav-section-/work-with-us/services-for-businesses"> <span>Services for businesses</span> </button> <ul id="basic-nav-section-/work-with-us/services-for-businesses" class="usa-nav__submenu-list" hidden=""> <div class="usa-col level-2"> <a href="/web/20240512095741/https://www.commerce.gov/entrepreneurs"> <span>Entrepreneurs </span> </a> </li> <div class="usa-col level-2"> <a href="/web/20240512095741/https://www.commerce.gov/work-us/services-businesses/resources-rural-communities"> <span>Resources for Rural Communities </span> </a> </li> <div class="usa-col level-2"> <a href="/web/20240512095741/https://www.commerce.gov/work-us/services-businesses/resources-women-entrepreneurs"> <span>Resources for Women Entrepreneurs </span> </a> </li> <div class="usa-col level-2"> <a href="/web/20240512095741/https://www.commerce.gov/work-us/services-businesses/resources-military-community"> <span>Resources for the Military Community </span> </a> </li> </ul> </div> <div class="usa-col level-1"> <button class="usa-accordion__button usa-nav__link commerce-menu-sub-levels aria-expanded=" false" aria-controls="basic-nav-section-/work-us/job-quality-toolkit"> <span>Job Quality Toolkit</span> </button> <ul id="basic-nav-section-/work-us/job-quality-toolkit" class="usa-nav__submenu-list" hidden=""> <div class="usa-col level-2"> <a href="/web/20240512095741/https://www.commerce.gov/work-us/job-quality-toolkit/drivers-job-quality"> <span>Drivers of Job Quality </span> </a> </li> <div class="usa-col level-2"> <a href="/web/20240512095741/https://www.commerce.gov/work-us/job-quality-toolkit/job-quality-case-studies"> <span>Job Quality Case Studies </span> </a> </li> </ul> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/work-with-us/grants-and-contract-opportunities"> <span>Grants and contract opportunities </span> </a> </div> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/work-with-us/careers"> <span>Careers </span> </a> </div> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/work-with-us/internships"> <span>Internships </span> </a> </div> </div> <div class="usa-col level-1"> <div class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/work-with-us/resources-for-employees"> <span>Resources for employees </span> </a> </div> </div> <div class="usa-col level-1"> <button class="usa-accordion__button usa-nav__link commerce-menu-sub-levels aria-expanded=" false" aria-controls="basic-nav-section-/havana-act"> <span>HAVANA Act</span> </button> <ul id="basic-nav-section-/havana-act" class="usa-nav__submenu-list" hidden=""> <div class="usa-col level-2"> <a href="/web/20240512095741/https://www.commerce.gov/havana-act-authorized-payment-frequently-asked-questions"> <span>HAVANA Act - Authorized Payment Frequently Asked Questions </span> </a> </li> </ul> </div> </div> </li> </ul> <ul class="usa-nav__mobile usa-accordion" aria-multiselectable="true"> <li class="usa-nav__primary-item"> <a href="/web/20240512095741/https://www.commerce.gov/bureaus-and-offices"> <span>Bureaus and offices </span> </a> </li> <li class="usa-nav__primary-item"> <a href="/web/20240512095741/https://www.commerce.gov/about/contact-us"> <span>Contact us </span> </a> </li> </ul> </div> </div> <div class="usa-nav__secondary"> <div class="region region-secondary-menu"> <div class="usa-nav__secondary"> <ul class="usa-nav__secondary-links"> <li> <a href="/web/20240512095741/https://www.commerce.gov/bureaus-and-offices"> Bureaus and offices </a> </li> <li> <a href="/web/20240512095741/https://www.commerce.gov/about/contact-us"> Contact us </a> </li> </ul> </div> <div class="secondary-menu-search block block-fixed-block-content block-fixed-block-contentdoc-search-block-fixed-block" id="block-fixed-block-content-doc-search-block-fixed-block"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><div class="usasearch-search-block-form usa-form-large block block-usasearch block-usasearch-search-form-block" data-drupal-selector="usasearch-search-block-form" id="commerce_search_block"> <form accept-charset="UTF-8" action="https://web.archive.org/web/20240512095741/https://search.commerce.gov/search" class="usasearch-search-block-form-desktop usa-form-large" data-drupal-selector="usasearch-search-block-form-2" id="usasearch-search-block-form--2" method="GET"> <div class="js-form-item form-item js-form-type-search form-item-query js-form-item-query form-no-label"><label class="visually-hidden" for="desktop_query">Search</label><br/> <input aria-autocomplete="list" aria-haspopup="" autocomplete="off" class="usagov-search-autocomplete form-search" data-drupal-selector="edit-query" id="desktop_query" maxlength="128" name="query" placeholder="Search" size="60" title="Enter the terms you wish to search for." type="search" value=""/></div> <input data-drupal-selector="edit-affiliate" name="affiliate" type="hidden" value="www.commerce.gov"/> <div class="form-actions js-form-wrapper form-wrapper" data-drupal-selector="edit-actions" id="edit-actions--2"> <input class="usa-button js-form-submit form-submit" data-drupal-selector="edit-submit" id="edit-submit--2" type="submit" value="Search"/></div> </form> </div> </div> </div> </div> </div> <div class="usa-nav-desktop"> <div class="region region-primary-menu"> <ul class="usa-nav__primary usa-accordion"> <li class="usa-nav__primary-item"> <button class="usa-accordion__button usa-nav__link " aria-expanded="false" aria-controls="basic-nav-section-1"> <span>ABOUT </span> </button> <ul id="basic-nav-section-1" class="usa-nav__submenu" hidden=""> <li class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/about"> <span>Our mission</span> </a> </li> <li class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/about/leadership/gina-m-raimondo"> <span>Meet the Secretary</span> </a> </li> <li class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/about/leadership"> <span>Leadership</span> </a> </li> <li class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/bureaus-and-offices"> <span>Bureaus and offices</span> </a> </li> <li class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/about/strategic-plan"> <span>Strategic Plan</span> </a> </li> <li class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/equity"> <span>Equity</span> </a> </li> <li class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/about/budget-and-performance"> <span>Budget and performance</span> </a> </li> <li class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/about/combined-federal-campaign"> <span>Combined Federal Campaign</span> </a> </li> <li class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/covid-19-information-hub"> <span>COVID-19 Information Hub</span> </a> </li> <li class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/about/history"> <span>History</span> </a> </li> <li class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/about/policies"> <span>Policies</span> </a> </li> <li class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/about/contact-us"> <span>Contact us</span> </a> </li> </ul> </li> <li class="usa-nav__primary-item"> <button class="usa-accordion__button usa-nav__link " aria-expanded="false" aria-controls="basic-nav-section-2"> <span>ISSUES </span> </button> <ul id="basic-nav-section-2" class="usa-nav__submenu" hidden=""> <li class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/issues"> <span>All issues</span> </a> </li> <li class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/issues/artificial-intelligence"> <span>Artificial Intelligence</span> </a> </li> <li class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/issues/cybersecurity"> <span>Cybersecurity</span> </a> </li> <li class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/issues/export-and-investment-promotion"> <span>Export and investment promotion</span> </a> </li> <li class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/issues/first-responder-network"> <span>First responder network</span> </a> </li> <li class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/issues/fisheries-and-aquaculture"> <span>Fisheries and aquaculture</span> </a> </li> <li class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/issues/ict-supply-chain"> <span>ICT Supply Chain</span> </a> </li> <li class="usa-nav__submenu-item"> <a href="/web/20240512095741/https://www.commerce.gov/issues/ipef"> <span>Indo-Pacific Economic Framework</span> </a> </li> <li class="usa-nav__submenu-item"> <a 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indicate not helpful" class="fas fa-thumbs-down"></i>  Not helpful</button> </div> <div class="block block-core block-page-title-block"> <h1 class="uswds-page-title page-title"><span property="schema:name" class="field field--name-title field--type-string field--label-hidden">Indo-Pacific Economic Framework</span> </h1> </div> <div id="block-social-sharing-block" class="block block-social-media block-social-sharing-block"> <div class="social-media-sharing"> <ul class=""> <li> <a target="_blank" class="facebook-share share" href="https://web.archive.org/web/20240512095741/http://www.facebook.com/share.php?u=https://www.commerce.gov/ipef&title=Indo-Pacific Economic Framework" title="Facebook"> <img alt="Facebook" src="https://web.archive.org/web/20240512095741im_/https://www.commerce.gov//themes/custom/commerce/images/commerce/facebook.svg"> </a> </li> <li> <a target="_blank" class="linkedin share" href="https://web.archive.org/web/20240512095741/http://www.linkedin.com/shareArticle?mini=true&url=https://www.commerce.gov/ipef&title=Indo-Pacific Economic Framework&source=https://www.commerce.gov/ipef" title="Linkedin"> <img alt="Linkedin" src="https://web.archive.org/web/20240512095741im_/https://www.commerce.gov//themes/custom/commerce/images/commerce/linkedin.svg"> </a> </li> <li> <a target="_blank" class="twitter share" href="https://web.archive.org/web/20240512095741/https://twitter.com/intent/tweet?url=https://www.commerce.gov/ipef&via=CommerceGov&text=Indo-Pacific Economic Framework" title="X"> <img alt="X" src="https://web.archive.org/web/20240512095741im_/https://www.commerce.gov/modules/contrib/social_media/icons/x.svg"> </a> </li> <li> <a class="email share" href="/web/20240512095741/https://www.commerce.gov/cdn-cgi/l/email-protection#e1de9294838b848295dca88f858eccb1808288878882c1a4828e8f8e8c8882c1a793808c84968e938ac7808c91da838e8598dca28984828ac18e9495c195898892c192889584c18995959192dbcece969696cf828e8c8c84938284cf868e97ce88918487" title="Email"> <img alt="Email" src="https://web.archive.org/web/20240512095741im_/https://www.commerce.gov//themes/custom/commerce/images/commerce/mail.svg"> </a> </li> </ul> </div> </div> <div id="block-commerce-content" class="block block-system block-system-main-block"> <article data-history-node-id="4557" role="article" about="/ipef" typeof="schema:WebPage"> <span property="schema:name" content="Indo-Pacific Economic Framework" class="rdf-meta hidden"></span> <div> <div class="flexslider-field-wrapper"> <div id="flexslider-1" class="flexslider optionset-default"> <ul class="slides"> <li> <article class="media media--type-image media--view-mode-"> <div class="field field--name-field-media-image field--type-image field--label-hidden field__item"> <img loading="lazy" src="/web/20240512095741im_/https://www.commerce.gov/sites/default/files/styles/flexslider_full/public/2024-01/IPEF-Leaders.jpg?itok=FERgwpX7" width="800" height="500" alt="IPEF Leaders" typeof="foaf:Image" class="image-style-flexslider-full"/> </div> </article> </li> <li> <article class="media media--type-image media--view-mode-"> <div class="field field--name-field-media-image field--type-image field--label-hidden field__item"> <img loading="lazy" src="/web/20240512095741im_/https://www.commerce.gov/sites/default/files/styles/flexslider_full/public/2024-01/IPEF-SGR-signing.jpg?itok=utt0lEaJ" width="800" height="500" alt="U.S. Secretary of Commerce Gina Raimondo signs the IPEF Supply Chain Agreement on November 14, 2023 in San Francisco, CA" typeof="foaf:Image" class="image-style-flexslider-full"/> </div> </article> </li> <li> <article class="media media--type-image media--view-mode-"> <div class="field field--name-field-media-image field--type-image field--label-hidden field__item"> <img loading="lazy" src="/web/20240512095741im_/https://www.commerce.gov/sites/default/files/styles/flexslider_full/public/2024-02/All-Ministers-Family-Photo.JPG?itok=Zxb95ep-" width="800" height="500" alt="Ministers at IPEF" typeof="foaf:Image" class="image-style-flexslider-full"/> </div> </article> </li> </ul> </div> </div> <div property="schema:text" class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><p>In May 2022, the United States launched the Indo-Pacific Economic Framework for Prosperity, or IPEF, with a dozen initial Partners across the Indo-Pacific. IPEF is part of the Biden Administration's commitment to strengthening ties with allies and partners and tackling 21st-century economic challenges in the Indo-Pacific region.</p> <p>The Framework seeks to advance resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness for the 14 IPEF economies. The Framework also will provide tangible benefits that fuel economic activity and investment, promote sustainable and inclusive economic growth, and benefit workers and consumers across the region. </p> <p>Since its launch, the IPEF Partners have engaged in intensive discussions to scope out each of the four pillars of the Framework, covering <a href="//web.archive.org/web/20240512095741/https://www.commerce.gov/ipef/pillar-i">Trade</a>; <a href="//web.archive.org/web/20240512095741/https://www.commerce.gov/ipef/pillar-ii">Supply Chains</a>; <a href="//web.archive.org/web/20240512095741/https://www.commerce.gov/ipef/pillar-iii">Clean Economy</a>; and <a href="//web.archive.org/web/20240512095741/https://www.commerce.gov/ipef/pillar-iv">Fair Economy</a> respectively.</p> <p>At the conclusion of the Senior Officials and Ministerial meetings in September 2022, the Partners reached consensus on Ministerial Statements summarizing objectives for each pillar. Text-based negotiations for each of the four IPEF pillars commenced with the first negotiating round in Brisbane in December and have continued since. The IPEF Partners agreed to an aggressive negotiating schedule for 2023 in order to make substantial progress and have since substantially concluded negotiations for Pillar II in May 2023 and substantially concluded negotiations for Pillars III and IV in November 2023.</p> <h3><strong>The Partners</strong></h3> <p>The United States is proud to work with 13 diverse partner countries representing 40 percent of global GDP and 28 percent of global goods and services trade.</p> <p>The Partners include:</p> <ul><li>Australia;</li> <li>Brunei Darussalam;</li> <li>Fiji;</li> <li>India;</li> <li>Indonesia;</li> <li>Japan;</li> <li>the Republic of Korea;</li> <li>Malaysia;</li> <li>New Zealand;</li> <li>Philippines;</li> <li>Singapore;</li> <li>Thailand; and</li> <li>Vietnam.</li> </ul><p>The United States has deep and expanding economic ties with these Partners: U.S. foreign direct investment in the region totaled more than $969 billion in 2020 and has nearly doubled in the last decade. Trade with the Indo-Pacific supports more than three million American jobs and is the source of nearly $900 billion in foreign direct investment into the United States. Deepening our economic engagement in the region will boost prosperity at home and abroad, creating more jobs and raising standards across the region.</p> <h3><strong>Latest News</strong></h3> <p><strong>March 2024: Texts Made Public</strong></p> <p>On March 14, 2024, the U.S. released the final texts for the Clean Economy Pillar, Fair Economy Pillar, and Agreement of Indo-Pacific Economic Framework for Prosperity (Overarching Agreement).</p> <p>⇒ Read the <a href="//web.archive.org/web/20240512095741/https://www.commerce.gov/sites/default/files/2024-03/IPEF-PIII-Clean-Economy-Agreement.pdf">IPEF Pillar III: Clean Economy Final Text</a></p> <p>⇒ Read the <a href="//web.archive.org/web/20240512095741/https://www.commerce.gov/sites/default/files/2024-03/IPEF-PIV-Fair-Economy-Agreement.pdf">IPEF Pillar IV: Fair Economy Final Text</a></p> <p>⇒ Read the <a href="//web.archive.org/web/20240512095741/https://www.commerce.gov/sites/default/files/2024-03/IPEF-Overarching-Agreement.pdf">IPEF Agreement on IPEF Final Text </a></p> <p><strong>March 2024: Virtual Ministerial Meeting </strong></p> <p>On March 14, 2024, U.S. Secretary of Commerce Gina Raimondo and her 13 IPEF counterparts attended a virtual Indo-Pacific Economic Framework for Prosperity (IPEF) ministerial meeting.</p> <p>⇒ Read the <a href="//web.archive.org/web/20240512095741/https://www.commerce.gov/news/press-releases/2024/03/raimondo-ipef-ministers-welcome-continued-progress-indo-pacific">Press Statement for the Supply Chains Pillar, Clean Economy Pillar, Fair Economy Pillar, and Agreement of Indo-Pacific Economic Framework for Prosperity Overarching Agreement)</a></p> <p class="MsoCommentText"><strong>February 2024: Entry into Force of the IPEF Supply Chain Agreement</strong></p> <p>The Indo-Pacific Economic Framework for Prosperity (IPEF) Agreement Relating to Supply Chain Resilience, generally referred to as the Supply Chain Agreement, entered into force on February 24, 2024. This is a critical step in bringing the landmark, first-of-its-kind agreement into action and promoting coordination among the IPEF partners on building resilient, efficient, productive, sustainable, transparent, diversified, secure, fair, and inclusive supply chains.</p> <ul><li>Read the <a href="//web.archive.org/web/20240512095741/https://www.commerce.gov/news/press-releases/2024/01/us-department-commerce-announces-upcoming-entry-force-ipef-supply-chain" rel="noreferrer">announcement by the U.S. Department of Commerce</a></li> </ul><p> </p></div> </div> </article> </div> </div> </div> </div> </div> </main> <footer class="usa-footer usa-footer--big" role="contentinfo"> <div class="usa-grid usa-footer-return-to-top"> <a href="#">Return to top</a> </div> <div class="usa-footer__primary-section"> <div class="grid-container"> <div class="region region-footer-menu"> <div class="grid-row grid-gap"> <div class="mobile-lg:grid-col-6 desktop:grid-col-4"> <section class="usa-footer__primary-content usa-footer__primary-content--collapsible"> <h4 class="usa-footer__primary-link">Explore</h4> <ul class="usa-list usa-list--unstyled add-list-reset"> <li class="usa-footer__secondary-link"> <a href="/web/20240512095741/https://www.commerce.gov/issues" title="Issues" data-drupal-link-system-path="issues">Issues</a> </li> <li class="usa-footer__secondary-link"> <a href="/web/20240512095741/https://www.commerce.gov/news" title="News" data-drupal-link-system-path="news">News</a> </li> <li class="usa-footer__secondary-link"> <a href="/web/20240512095741/https://www.commerce.gov/data-and-reports" title="Data and reports" data-drupal-link-system-path="node/555">Data and reports</a> </li> <li class="usa-footer__secondary-link"> <a href="/web/20240512095741/https://www.commerce.gov/work-with-us" title="Work with us" data-drupal-link-system-path="node/556">Work with us</a> </li> </ul> </section> </div> <div class="mobile-lg:grid-col-6 desktop:grid-col-4"> <section class="usa-footer__primary-content usa-footer__primary-content--collapsible"> <h4 class="usa-footer__primary-link">About us</h4> <ul class="usa-list usa-list--unstyled add-list-reset"> <li class="usa-footer__secondary-link"> <a href="/web/20240512095741/https://www.commerce.gov/about" data-drupal-link-system-path="node/477">Our mission</a> </li> <li class="usa-footer__secondary-link"> <a href="/web/20240512095741/https://www.commerce.gov/about/strategic-plan" title="Department of Commerce's strategic plan" data-drupal-link-system-path="node/548">Strategic plan</a> </li> <li class="usa-footer__secondary-link"> <a href="/web/20240512095741/https://www.commerce.gov/bureaus-and-offices" title="Department of Commerce's bureaus and offices" data-drupal-link-system-path="bureaus-and-offices">Bureaus and offices</a> </li> <li class="usa-footer__secondary-link"> <a href="/web/20240512095741/https://www.commerce.gov/opog/privacy/privacy-laws-policies-and-guidance" title="Department of Commerce's privacy program" data-drupal-link-system-path="node/4666">Privacy program</a> </li> </ul> </section> </div> <div class="mobile-lg:grid-col-6 desktop:grid-col-4"> <section class="usa-footer__primary-content usa-footer__primary-content--collapsible"> <h4 class="usa-footer__primary-link">Get in touch</h4> <ul class="usa-list usa-list--unstyled add-list-reset"> <li class="usa-footer__secondary-link"> <a href="/web/20240512095741/https://www.commerce.gov/about/contact-us" data-drupal-link-system-path="node/483">Contact us</a> </li> <li class="usa-footer__secondary-link"> <a href="/web/20240512095741/https://www.commerce.gov/opog/open-government/open-government-plan" title="Open government" data-drupal-link-system-path="node/4646">Open government</a> </li> <li class="usa-footer__secondary-link"> <a href="/web/20240512095741/https://www.commerce.gov/opog/foia/foia-requests" title="Freedom of Information Act" data-drupal-link-system-path="node/6456">FOIA</a> </li> </ul> </section> </div> </div> </div> </div> </div> </div> <div class="usa-footer__secondary-section"> <div class="grid-container"> <div class="grid-row grid-gap"> <div class="usa-footer__logo grid-row mobile-lg:grid-col-6 mobile-lg:grid-gap-2"> <div class="mobile-lg:grid-col-auto"> <a href="/web/20240512095741/https://www.commerce.gov/"> <img class="usa-footer__logo-img" src="/web/20240512095741im_/https://www.commerce.gov/themes/custom/commerce/assets/img/doc_logo.png" width="80" height="80" alt="Department of Commerce logo"/> </a> </div> <div class="mobile-lg:grid-col-auto"> <div class="footer-address"> 1401 Constitution Ave NW<br/> Washington, DC 20230 </div> </div> </div> <div class="usa-footer__contact-links mobile-lg:grid-col-6"> <div class="usa-footer__social-links grid-row"> <a href="https://web.archive.org/web/20240512095741/https://twitter.com/commercegov" aria-label="U. 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