Concludes latest IPEF meeting with with signing, larger agreement to come.
The most recent week-long meeting between Indo-Pacific leaders concluded on Friday with the signing of a Supply Chain Agreement, a Clean Economy Agreement, and a Fair Economy Agreement.
The 14 participating countries are still in the negotiation process for the enormous Indo-Pacific Economy Framework for Prosperity (IPEF), which is intended to mutually develop ways to promote competition and sustainability throughout the countries along the Pacific rim. But the 14 countries, the United States included, signed these smaller agreements in the meantime to advance formal efforts to address shared economic hurdles.
“Through these and new initiatives, we will continue to strengthen our regional cooperation and shared commitments to address emerging issues, drive innovation, and boost flows of commerce, trade, and investment across our markets.” IPEF participants wrote in a statement released by the White House.
As the Lord Leads, Pray with Us…
- For the president and his economic advisors as they craft and sign agreements regarding international cooperation.
- For wisdom for U.S. trade and commerce officials as they promote competition and sustainability in the Indo-Pacific.
Sources: The White House
