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Biden Administration Signals Plans for an Indo-Pacific Economic Framework (CRS)

2021-12-06 139

Biden Administration Signals Plans for an Indo-Pacific Economic Framework

 

 

 

 

 

December 2, 2021

Brock R. Williams, et al.

 

 

During the East Asia Summit in late October, President Biden said that the United States will explore “the development of an Indo-Pacific economic framework.” In November, he dispatched Commerce Secretary Gina Raimondo and USTR Katherine Tai to Japan, Malaysia, Singapore, and South Korea to begin discussions on potential negotiations that could start in early 2022. This announcement marks the

Administration’s first major trade and economic initiative in the region, aside from earlier cooperative supply chain agreements. Some Members of Congress and U.S. allies, such as Australia and Japan, have called for a more active U.S. trade policy, including U.S. leadership in regional trade initiatives. Some stakeholders have recommended a sectoral approach to start, such as on digital trade issues.

 

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