Business groups urge ‘enforceable,’ ambitious IPEF commitments

A broad group of prominent business organizations is calling on the Biden administration to pursue comprehensive and enforceable commitments from allies through the administration’s developing Indo-Pacific Economic Framework, including market-access opportunities. The Biden administration has said the framework will be focused on trade facilitation, the digital economy, supply chains, sustainability, worker rights, infrastructure and anti-corruption, but not traditional market-access agreements. The trade component of the framework will involve binding commitments in the areas of digital trade, labor and the environment,...