The U.S. Department of Commerce today announced that the Indo-Pacific Economic Framework for Prosperity (IPEF) Agreement Relating to Supply Chain Resilience, generally referred to as the Supply Chain Agreement, will enter into force on February 24, 2024. This is a critical step in bringing the landmark, first-of-its kind agreement into action and promoting coordination among the IPEF partners on...

Today, Secretary of Commerce Gina Raimondo met with Japanese Minister of Foreign Affairs Kamikawa Yoko. During the meeting, Secretary Raimondo expressed her condolences to Japan and the families of the victims of the New Year’s Day earthquake and reiterated President Biden’s commitment to supporting Japan and the Japanese people to recover from this tragedy. The two also discussed the successful...

Today, Secretary of Commerce Gina Raimondo had an introductory call with Minister of Economy, Trade, and Industry of Japan Saito Ken. During their call, Secretary Raimondo expressed her condolences to Japan and the families of the victims of the New Year’s Day Earthquake and reiterated President Biden’s commitment to supporting Japan and the Japanese people to recover from this tragedy. In...

Thanks to President Biden’s Investing in America agenda , 2023 brought significant success to American workers and businesses, including the implementation of the $50 billion CHIPS for America Program to revitalize the U.S. position in semiconductor research, development, and manufacturing, a $42.45 billion investment to bring affordable, reliable high-speed Internet service to every home...

Today, U.S. Secretary of Commerce Gina Raimondo issued the following statement highlighting key accomplishments at the Department of Commerce during 2023. “It has been an honor to work alongside the dedicated civil servants at the Department of Commerce in pursuit of our mission to improve America’s competitiveness so that our workers and companies can succeed in the global economy. Thanks to...

Today, Deputy Secretary of Commerce Don Graves participated in the inaugural meeting of the White House Council on Supply Chain Resilience. At the event, he highlighted the vital work of Commerce’s Supply Chain Center along with several other key steps the Department is taking to lower costs for American families, strengthen U.S. economic competitiveness, protect U.S. national security, and create...

Today, U.S. Secretary of Commerce Gina Raimondo met with Prime Minister of Thailand Srettha Thavisin while in San Francisco participating in the Asia-Pacific Economic Cooperation (APEC) forum. Secretary Raimondo thanked the Prime Minister for his support of the Indo-Pacific Economic Framework for Prosperity (IPEF) and welcomed the significant progress made, including the substantial conclusion on...

A joint Press Statement from the 14 IPEF partners is available here. Today, U.S. Secretary of Commerce Gina Raimondo announced the substantial conclusion of negotiations of the Clean Economy Agreement and the Fair Economy Agreement of the Indo-Pacific Economic Framework for Prosperity (IPEF), following the IPEF Ministerial meeting in San Francisco, California. IPEF Ministers also signed the Pillar...

Today, U.S. Secretary of Commerce Gina Raimondo met with Prime Minister of Fiji Sitiveni Rabuka while participating in the Asia-Pacific Economic Cooperation (APEC) forum in San Francisco. During the meeting, Secretary Raimondo reaffirmed the Department of Commerce’s commitment to enhancing our economic ties with the Pacific Island Countries, and Fiji in particular, as part of the Biden-Harris...

Today, the U.S. Department of Commerce released the below joint statement from the 14 Indo-Pacific Economic Framework for Prosperity (IPEF) partner nations: PRESS STATEMENT ON Indo-Pacific Economic Framework for Prosperity Meetings in San Francisco The 14 IPEF partners signed the IPEF Supply Chain Agreement and announced the substantial conclusion of the negotiations for the IPEF Clean Economy...