Industry group pitches IPEF enforcement tool, drawing from USMCA

A coalition of U.S. industry groups is pressing the Biden administration to include an enforcement mechanism in the developing Indo-Pacific Economic Framework for Prosperity -- and has outlined its preferred model for such a tool that draws in part from the dispute-resolution system established under the U.S.-Mexico-Canada Agreement. “[W]ithout enforcement provisions that would hold trading partners accountable to the commitments they make in the framework, it will be difficult for the Indo-Pacific Economic Framework to deliver the job creation and...