ITI: Stakeholder Engagement Needed for IPEF Supply Chain Agreement Implementation
WASHINGTON – Global tech trade association ITI reacted to the release of the text of the proposed Indo-Pacific Economic Framework for Prosperity (IPEF) Supply Chain Agreement.
“We applaud this positive step forward and hope additional near-term IPEF agreements can continue to strengthen Indo-Pacific ties. In particular, we welcome the commitments to avoid barriers to trade and to ensure proposed policies are available for stakeholder comment,” said ITI Director of Asia Policy Michaela Wong. “Ultimately, the success of the supply chain agreement will rely on input and robust collaboration from the private sector to realize goals on topics such as information sharing, increasing investments and technical cooperation, and workforce development. Negotiators should aim to build off this agreement in the coming months, particularly by concluding meaningful and ambitious trade outcomes. We hope to see continued progress toward these outcomes in the ongoing IPEF negotiating round in Bangkok.”