ISDS Case Map
Asia
India Australia leadership dialogue is taking place as India Australia relations have shifted gears and moved into a higher orbit.
Official negotiations on the Indo-Pacific Economic Framework are set to start in Los Angeles, when US Trade Representative and US Commerce Secretary sit down with their counterparts from 13 other participating countries.
The need for another trade agreement in Asia-Pacific has not been established. If countries choose to move forward with Indo-Pacific Economic Framework talks, they must be based on a new model that prioritizes the interests of people instead of just big corporations.
India and the US are ready to be more engaged in the Indo-Pacific economic framework, which will help create more resilient supply chains and partnerships between businesses in the two countries.
The IPEF is the US’s latest strategy to be the global rule-maker on trade, food production, digital and data, the climate crisis, regulating services, corporate power to influence new laws, multinationals’ tax rates, and much else.
This week Trade Ministers from eleven countries will meet with the view to launch negotiations for an Indo-Pacific economic agreement.
The US will host the first in-person IPEF Ministerial meeting in Los Angeles from 8-9 September 2022, which is expected to launch formal negotiations. Some countries may decide not to remain involved in some or all of the IPEF’s “pillars”.
President Joe Biden, who launched the IPEF in May on a trip to Tokyo, wants to use it as a way to raise environmental, labor and other standards across Asia.
Public, congressional input is essential to prevent another TPP.
IPEF will not be a normal trade agreement and hence challenging to negotiate. Here are some of the challenges.
