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Tai: IPEF dispute settlement part of ongoing evolution, likely to include penalties

June 6, 2022 at 5:01 PM
Any dispute settlement mechanism built into the Indo-Pacific Economic Framework will be part of an evolution away from “traditional” models, U.S. Trade Representative Katherine Tai said on Monday, arguing that the U.S.’ goal is to create a mechanism that protects the “integrity” of the agreement without becoming simply a “forum for us to fight each other.” Speaking during a Washington International Trade Association event , Tai acknowledged that any dispute settlement system in the IPEF is likely to impose penalties,...

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