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Tai defends IPEF approach as senators push on lack of market access

March 31, 2022 at 6:17 PM
The Biden administration’s nascent Indo-Pacific Economic Framework will eschew traditional market access commitments in favor of negotiating high standards in areas like digital trade, labor, the environment and competition – an approach U.S. Trade Representative Katherine Tai defended on Thursday in the face of bipartisan pushback on what some Senate Finance Committee members criticized as the initiative’s lack of ambition. While the administration has hailed the IPEF as a robust economic arrangement that will be responsive to 21st-century trade challenges,...

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