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United States to Participate in Fourth Indo-Pacific Economic Framework for Prosperity (IPEF) Negotiating Round in South Korea

FOR IMMEDIATE RELEASE

The U.S. Department of Commerce and the Office of the United States Trade Representative today announced that a U.S. delegation will travel to Busan, South Korea, for the fourth negotiating round of the Indo-Pacific Economic Framework (IPEF) from July 9-15, 2023.

The U.S. interagency delegation will be co-led by Sharon H. Yuan, U.S. Department of Commerce Counselor 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 first negotiating round was held in Brisbane, Australia, from December 10-12, 2022, followed by a special negotiating round on Pillars II-IV in New Delhi, India, from February 8-11, 2023.

The second negotiating round was held in Bali, Indonesia from March 13-19, 2023, followed by the third negotiating round in Singapore from May 8-15, 2023.

On May 27, the IPEF partners met in Detroit, Michigan for a ministerial meeting, during which they acknowledged the progress made in Pillars I (Trade), III (Clean Economy) and IV (Fair Economy) and announced the substantial conclusion of negotiations on a landmark IPEF Supply Chain Agreement under Pillar II.

Additional details regarding the upcoming fourth negotiating round in Busan, South Korea.

For more information on IPEF, please visit https://www.commerce.gov/ipef