Fourteen high-export countries pursue progress on trade and economic goals.
The Department of Commerce announced the individuals chosen to represent America at the fifth negotiating round of the Indo-Pacific Economic Framework for Prosperity (IPEF). This interagency delegation, co-led by Commerce Department counselors and chief negotiators Sharon Yuan and Sarah Ellerman, will travel to Bangkok, Thailand from September 10-16 to continue moving these negotiations forward.
Fourteen countries, including the United States, agreed to participate in an economic partnership and decided on an aggressive schedule to negotiate its framework as quickly as possible. Four rounds of negotiations have been held since December of last year.
“The 14 IPEF partners represent 40 percent of global GDP and 28 percent of global goods and services trade,” the Office of the United States Trade Representative explained. “Through this initiative, the IPEF partners aim to contribute to cooperation, stability, prosperity, development, and peace within the region.”
As the Lord Leads, Pray with Us…
- For Assistant U.S. Trade Representative Ellerman as she prepares for the negotiations next month.
- For Chief Negotiator Yuan as she reviews the previous negotiations and readies to head the delegation.
- For members of the interagency delegation as they represent the U.S. next month.
Sources: Department of Commerce
