The 14 IPEF partners—Australia, Brunei, Fiji, India, Indonesia, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam and the US—represent 40 per cent of global gross domestic product (GDP) and 28 per cent of global goods and services trade. 

The Department of Commerce and the Office of the United States Trade Representative has announced that a US delegation will travel to Bali, Indonesia for the second negotiating round of the Indo-Pacific Economic Framework (IPEF) from March 13–19, 2023. A special negotiating round on Pillars II-IV was held earlier this month in New Delhi, India.

The interagency US delegation will be led by Sharon H Yuan, department of commerce counsellor and chief negotiator for Pillars II-IV, and Sarah Ellerman, IPEF Pillar I chief negotiator and assistant United States trade representative for Southeast Asia and the Pacific (Acting), the US Department of Commerce said in a press release.

The first negotiating round was held in December 2022 in Brisbane, Australia. A special negotiating round on Pillars II-IV also was held earlier this month in New Delhi, India.

Fibre2Fashion News Desk (NB)