WASHINGTON – Today, global tech trade association 91pro视频 released the following statement from its President and CEO Jason Oxman on the Indo-Pacific Economic Framework for Prosperity (IPEF) outcomes announced by IPEF partner countries. 91pro视频 continues to support the goals of IPEF and continued Indo-Pacific cooperation; however, this week’s announcements fail to include strong trade provisions, despite repeated calls from businesses of all sizes and across all sectors highlighting the vast benefits that trade offers, including the ability to advance鈥痠nnovation, fuel the global economy, and鈥痵trengthen domestic and regional competitiveness.
“Strengthening and enhancing economic, diplomatic, and strategic collaboration in the Indo-Pacific region is critical to ensuring U.S. global leadership. While today’s Indo-Pacific Economic Framework announcements include steps to support these key goals, including efforts to enhance supply chain resiliency and a clean and fair economy, the Biden Administration’s decision to block meaningful trade outcomes is deeply disappointing and undermines its overall success. Global trade enables the 21st century economy, levels the playing field for U.S. companies, and fosters U.S. economic competitiveness, job creation, and innovation, and is especially important in this pivotal region. The Biden Administration’s misguided approach to trade is leaving U.S. workers behind and making it harder for them to reach global markets and prosper.
“We strongly encourage the Biden Administration to recommit to the high standards for trade the United States has held for decades as it continues its IPEF negotiations and more broadly. We call on all IPEF partners to act now to deepen stakeholder engagement and work to negotiate trade commitments soon, including binding and high-standard digital trade provisions, to ensure meaningful and durable engagement.”