Washington, D.C. — Last week, the Biden administration signed the new Indo-Pacific Economic Framework for Prosperity (IPEF) Supply Chain Agreement, committing the United States to the agreement’s broad goals and its three new IPEF bodies. This CAP column examines how the IPEF Supply Chain Agreement is a clear demonstration of the Biden administration’s effort to modernize U.S. international economic policy.
The IPEF agreement is a first-of-its-kind effort to utilize public sector tools to improve the functioning of largely private sector-driven supply chains. This column explores how the agreement’s playbook setup allows for timely collective action, providing a platform to address supply chain disruptions before they affect American consumers, workers, and manufacturers.
“The Biden administration’s commitment to bringing new perspectives and approaches to international economic policy has resulted in a win for American foreign policy and for the president’s domestic agenda,” said Ryan Mulholland, senior fellow for international economic policy, and while serving at the Department of Commerce was the lead U.S. negotiator for the IPEF Supply Chain Agreement.
Read the column: “The IPEF Supply Chain Agreement Is a Win for U.S. Industrial Policy” by Ryan Mulholland
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