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US, Indo-Pacific partners need to 'recalibrate' trade talks next year -USTR's Bianchi

The U.S. and its Indo-Pacific Economic Framework partners need to regroup and "recalibrate" their trade pillar negotiations early next year after three negotiating rounds in the past two months fell short of substantial agreements, Deputy U.S. Trade Representative Sarah Bianchi told Reuters on Thursday. Bianchi said in an interview that USTR will announce that progress had been made on the language of IPEF trade chapters, but that work will continue. "We’ve got to recalib...
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Source: yahoo.com

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Xi-Biden summit at Apec: US expectations dip further over stalled Indo-Pacific Economic Framework

Already low expectations for "deliverables" at the Asia-Pacific Economic Cooperation summit in San Francisco took a further blow on the eve of Wednesday's meeting between Xi Jinping and Joe Biden when the latter's administration acknowledged that a key multilateral trade initiative was mired in American political infighting. US Treasury Secretary Janet Yellen described "substantial progress" in negotiating the trade section of the Indo-Pacific Economic Framework on ...
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Source: yahoo.com

Asia trade talk stumble is another setback for US: analysts

The United States stumbled again in trade negotiations with Asia-Pacific partners this week, a setback that analysts say could weigh on America's standing as a partner in the face of China's growing influence."To see the United States fail to deliver on trade negotiations in the Indo-Pacific again would further damage US credibility as a trade partner in the future," said Thibault Denamiel of the Center for Strategic and International Studies.
San Francisco United States White House District Of Columbia Thibault Denamiel Gina Raimondo
Source: yahoo.com

U.S.-led Pacific economic initiative makes progress on clean energy

The United States and 13 other countries engage in Indo-Pacific Economic Framework talks set the stage for their leaders to agree on ways to promote environmentally friendly and fair commercial activities -- meaning almost all areas of President Joe Biden's signature initiative are nearing completion.
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