As China expands its influence in the international community, the first face-to-face ministerial-level meeting of the IPEF (Indo-Pacific Economic Framework), a new economic partnership framework, will be held in the United States from the 8th of this month.
At the meeting, we aim to compile ministerial statements in four areas, including the digitization of trade, and declare the start of negotiations.
The IPEF is a new framework in which 14 countries, including Japan, the United States, India, and Australia, participate.
Negotiations will cover four areas. In "trade," we will work to facilitate trade using digital technology. Aim for
Furthermore, we plan to proceed with negotiations on the transition to a decarbonized society and the prevention of double corporate taxation and corruption. .
However, unlike previous economic partnerships, IPEF does not require each country to participate in negotiations in all areas, and it is unclear how many countries will be able to initiate negotiations in the four areas.
The IPEF is a framework proposed by the United States as China expands its influence in the Indo-Pacific region. I will continue to work to make it possible.