IPEF Meetings Wrap With Pact to Pursue Resilient Supply Chains

The U.S. and its 13 Indo-Pacific Economic Framework partners closed out their first in-person ministerial meetings in Los Angeles Friday with an agreement to “seek to coordinate actions to mitigate and prevent future supply chain disruptions and secure critical sectors and key products for our manufacturers,” said the Office of the U.S. Trade Representative. The 14 IPEF countries have “the collective goal of resilient supply chains that can anticipate, withstand, or rapidly recover from shocks and strengthen the competitiveness of our economies within the Indo-Pacific region,” they said in a ministerial statement. “We recognize that strengthening logistics in supply chains, including land, air, waterway, maritime, shipping and port infrastructure, can have broad-based positive effects.”