US-ABC Statement on Detroit IPEF round

The US-ASEAN Business Council congratulates IPEF partners on substantially concluding Supply Chain Agreement negotiations on May 27 in Detroit. Political signals are important in lending momentum not just for policy dialogue but also for enabling the right regulatory environment for resilient and secure supply chains to thrive. We also welcome the inclusion of labor and the establishment of councils as coordinating bodies as these steps will institutionalize arrangements and mechanisms that ensure robust and sustainable work programs under a concluded Agreement.

We encourage the U.S. government to continue leading Pillar 2 and to keep the level of ambition high in future negotiation rounds, in consultation with the U.S. private sector.

We also call on all IPEF participating economies to work with U.S. industry as they flesh out work programs, including the creation of pilot projects, under a final Supply Chains Agreement. The risk identification and crisis management mechanisms established under this Agreement should create opportunities for secure and resilient supply chains among IPEF partners that lead to commercially meaningful outcomes.