Tai Talks IPEF, China With Australian Trade Minister
U.S. Trade Representative Katherine Tai said she and Australia’s Trade Minister Don Farrell, meeting on the margins of the Asia-Pacific Economic Cooperation trade ministers' meeting, agreed the negotiations on the trade pillar of the Indo-Pacific Economic Framework for Prosperity have been constructive.
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The readout issued by the Office of the U.S. Trade Representative said the two shared concerns about "the policies and practices of China and other non-market economies, including economic coercion, that have created dependencies and vulnerabilities in key sectors. They discussed shared interests in diversifying sources of supply and strengthening resilience in critical supply chains, including through investments in and trade between trusted partners."
They also talked about efforts to bring "fundamental reform" to the World Trade Organization.