IPEF Round Made Progress, USTR, Commerce Say

The fourth round of the Indo-Pacific Economic Framework for Prosperity (IPEF) concluded in South Korea last week, and the Commerce Department and Office of the U.S. Trade Representative said the countries' delegations "continued to make progress" toward the trade, clean economy and fair economy pillars, and advanced the legal review of the supply chain pillar.

"During the negotiating round, USTR and the U.S. Department of Commerce also briefed Congressional committee staff in attendance," the joint statement said. They said they also listened to stakeholders' views on the negotiations ahead of the meetings.