U.S. Secretary of Commerce Gina Raimondo and United States Trade Representative Katherine Tai today announced that the United States will host an Indo-Pacific Economic Framework (IPEF) ministerial meeting in Detroit, Michigan on May 27, 2023.
“I am pleased that we are maintaining positive momentum and a fast pace on negotiations with our IPEF Partners,” said Secretary Gina Raimondo. “Ambassador Tai and I look forward to hosting the IPEF Ministers in Detroit to continue the progress we have made and deepen cooperation in the region on our shared economic priorities.”
The ministerial will be an opportunity for Ministers to review current progress on the work to date and provide additional direction to the negotiators to advance progress on the framework’s four pillars. Secretary Raimondo and Ambassador Tai will hold a press conference at the conclusion of the ministerial on May 27.
This ministerial meeting will take place shortly after IPEF partners, including the United States, participate in the third negotiating round in Singapore from May 8-15, 2023.
The Detroit meeting is an important milestone in IPEF negotiations, as it will mark one year since the framework was officially launched in Tokyo in May 2022. In September 2022, the IPEF partners released ministerial statements and negotiating objectives for the four pillars: Trade, Supply Chains, Clean Economy, and Fair Economy.