Articles Tagged with ''IPEF''

The Senate Finance Committee plans to vote Sept. 7 on whether to send the nomination of USDA adviser Doug McKalip for chief agricultural trade negotiator to the full Senate for confirmation.

President Joe Biden’s choice to be the next chief agricultural trade negotiator spent much of his nomination hearing arguing that he and the U.S. trade representative will be able to increase foreign market access for U.S. farm goods without negotiating new free trade agreements, but Republican senators weren't buying it.

The Biden administration is kicking off talks with Taiwan on an agreement to facilitate more trade between the countries without reducing tariffs, according to senior administration officials.

President Joe Biden announced Monday from Tokyo the official launch of his Indo-Pacific Economic Framework, or IPEF, that will so far include Australia, Brunei, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, and Vietnam.

The Biden administration has all but ruled out tariff-slashing market access deals when it comes to its proposed Indo-Pacific Economic Framework, but the U.S. ag sector still hopes the agreement will include a trade pillar that boosts exports to rapidly growing markets that are home to a patchwork of regulatory restrictions and non-tariff trade barriers.

The Biden administration’s proposed Indo Pacific Economic Framework, an effort to strengthen economic ties and improve trading conditions with countries like India, the Philippines and Vietnam, got some praise during a Tuesday Senate hearing, but much of the time was spent discussing what it would not accomplish - new market access for U.S. ag.