Korean minister: IPEF represents the new trade paradigm

LOS ANGELES -- Traditional free trade agreements, including those that formed the basis of the World Trade Organization, were not designed to handle the issues critical to the future of trade policy, Korean Trade Minister Ahn Duk-geun told Inside U.S. Trade . But the Indo-Pacific Economic Framework for Prosperity, with pillars on supply chain resilience, clean energy and fair economic policies, as well as a trade pillar focused on the digital economy, represents the new model for trade negotiations of...