WASHINGTON, D.C. - U.S. Chamber of Commerce Senior Vice President for International Policy John Murphy welcomed today's news that the Commerce Department and more than a dozen regional partner governments have concluded talks for three of the four “pillars” of the Indo-Pacific Economic Framework (IPEF), stating:
"The U.S. Chamber of Commerce greatly appreciates the leadership of Secretary Raimondo and the Commerce Department on the IPEF. The recently concluded supply chain pillar negotiated by the Commerce Department was welcomed by American businesses, a number of whom commented that it could play a valuable role in the event of future supply chain disruptions such as those seen in the recent pandemic.
“We look forward to reviewing the text of the just concluded pillars. We are heartened at reports of binding anti-corruption measures, among other points, and we are committed to continuing to work closely with the administration to strengthen America’s economic engagement with our friends and allies across the region.”