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Azmin Ali, Malaysia’s trade and industry minister, said that now is not the right time to hold a general election because the Southeast Asian nation’s economy ‘is just about recovering’ from the Covid-19 pandemic.
IPEF members were able to share their understanding of the importance of supply chain resilience after disruptions caused by the pandemic and the invasion of Ukraine, the ministers said.
Depending on election results, President Joe Biden could shift his focus to trade and make the fledgling IPEF initiative into a more substantial deal.
We are in the process of firming up our own digital framework and laws, particularly regarding privacy and data
The United States and 13 Indo-Pacific countries including the Philippines on Friday agreed on parameters for negotiating closer trade, environment and economic ties that US Commerce Secretary Gina Raimondo said would boost investment and jobs in the partner countries.