WASHINGTON DC – National Foreign Trade Council (NFTC) Vice President for Global Trade Policy Tiffany Smith issued a statement following the conclusion of the Indo-Pacific Economic Framework for Prosperity (IPEF) Ministerial meeting in Singapore:
“The signing of the IPEF agreements implementing the Clean Economy and Fair Economy Pillars and the overarching deal is an important step towards making the concept a reality.
“NFTC looks forward to working with the Commerce Department to help advance the goals set out in the supply chain, clean energy and fair trade pillars in order to create more opportunities for U.S. companies of all sizes to bring their goods, services, and know-how to the Indo-Pacific region.
“At the same time, it is disappointing that more progress has not been made under the Trade Pillar to underpin the cooperative efforts under Pillars 2-4 with a set of durable, predictable trade rules that would go even farther in enhancing U.S. leadership and economic engagement in this important region.”
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About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade and tax policies that support access to the global marketplace. Founded in 1914, NFTC promotes an open, rules-based global economy on behalf of a diverse membership of U.S.-based businesses.
