Improving The International Supply Chain Through IPEF

How IPEF Builds On Prior Trade Relationships Negotiated By The Biden Administration:

In May 2023, the Biden Administration announced the Indo-Pacific Economic Framework for Prosperity (IPEF), a commitment to improving supply chains between the U.S., and the Indo-Pacific nations of Australia, Brunei, Fiji, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Thailand, and Vietnam.

The stated goal of the IPEF is "to coordinate actions to mitigate and prevent future supply chain disruptions and secure critical sectors and key products for our manufacturers."

The IPEF also responds to increasing tensions between the U.S. and China that have impacted the U.S. economy. Following the COVID-19 case surge in China at the end of 2022, a shortage of workers for critical supply-chain sectors in China hindered U.S. production. Additionally, since 2022, the U.S. government has placed sanctions on many large Chinese manufacturers that the