Metro Plus News US commerce secretary says closed three ‘pillars’ of Indo-Pacific talks

US commerce secretary says closed three ‘pillars’ of Indo-Pacific talks

U.S. Commerce Secretary Gina Raimondo said a ministers meeting on Tuesday had completed three of four “pillars” in the Biden administration’s Indo-Pacific Economic Framework talks on the sidelines of a Pacific Rim leaders summit.
Raimondo, made the remark at a bilateral meeting with Japan, one of the 14 IPEF countries in the U.S.-led talks.
She did not specify any details of the agreements, but the Commerce Department has led the negotiations on pillars covering supply chains, cooperation on clean energy on fighting corruption and tax evasion.
Addressing Japan’s trade, economy and industry minister, Yasutoshi Nishimura and foreign minister, Yoko Kamikawa, Raimondo said: “I want to thank both of you for your strong support of the IPEF. We had an excellent ministerial earlier today, closing out the three pillars of the Indo-Pacific Economic Framework.”
Her remarks revealed IPEF member countries have agreed on terms of the clean energy pillar, which aims to boost cooperation on de-carbonization efforts and on the anti-corruption chapter, which aims also aims to curb tax evasion and help countries build stronger institutions and laws.