Description: Public Citizen's blog on globalization and trade
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By: Sarah Grace Spurgin
In October 2021, President Biden announced the “Indo-Pacific Economic Framework” or IPEF. There have been few details about what this IPEF will actually entail, but what we do know is that corporations are loathe to miss an opportunity to codify exploitative and short-sighted measures into “trade” agreements.
U.S. Trade Representative (USTR) Katherine Tai has stated repeatedly that the Biden administration’s vision for trade will not repeat the past mistakes of prioritizing large business interests above all else, but will serve workers, consumers, and the environment. IPEF could be an opportunity to realize this new, lasting vision for trade. At the same time, the notion of an IPEF did not come from consumer advocacy organizations, environmental groups, or organized labor.