Indo-Pacific Economic Framework holds first meeting in Singapore

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International Business News  –  According to Japanese media sources, the U.S. Department of Commerce announced on the 14th that the U.S.-led “Indo-Pacific Economic Framework” (IPEF) held its first meeting in Singapore, attended by senior officials and experts from 14 countries including Japan. The Commerce Department said the meeting had “constructed discussions that will focus on advancing in the coming months.”

The meeting was held on the 13th and 14th and negotiated the four pillars that make up IPEF. About 170 people attended the conference, including online participation.

IPEF held a kick-off meeting in Tokyo in May, with the participation of Japan, South Korea, India, Singapore and other countries. IPEF regards “trade” related to cross-border data flow rules, “supply chain resilience” such as semiconductors and batteries as its four pillars.