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Pillar IV – Fair Economy

  • Gina M. Raimondo, Secretary of Commerce

The proposed IPEF Fair Economy Agreement targets three areas through commitments to: (i) prevent and combat corruption and related financial crimes; (ii) improve tax administration, tax transparency and the exchange of information, and domestic resource mobilization; and (iii) increase cooperation, information sharing, and technical assistance and capacity building on these issues. The 14 IPEF partners aim to enhance the trade and investment environment across their economies by working together to ensure the effective implementation and enforcement of a wide range of measures to prevent and combat corruption and to improve tax transparency and the exchange of information, domestic resource mobilization, and tax administration. Working to create a more transparent, predictable trade and investment environment across the IPEF partners’ markets will benefit American workers and businesses as well as those of the other IPEF partner countries.

Substantial Conclusion of Negotiations

⇒ Read the IPEF Pillar IV Final Text.

⇒ Read the U.S. Fact Sheet on the Substantial Conclusion of Negotiations on the IPEF Fair Economy Agreement.

⇒ Read the November 2023 Joint Statement From Indo-Pacific Economic Framework For Prosperity Partner Nations.

⇒ Read the Ministerial Statement for Pillar IV.

⇒ Read the U.S. Summary of the Zero Draft Text for Pillar IV.