Chambers of Commerce Support IPEF
The U.S. Chamber of Commerce and the American Chamber of Commerce in each of the countries that have signed onto the Indo-Pacific Economic Forum issued a joint statement strongly supporting the IPEF but also suggesting that tariff reductions be considered. "That is the best way to achieve the most meaningful benefits for American businesses, workers, and consumers," they said June 23.
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"Done correctly, the IPEF presents a significant opportunity to forge more resilient global supply chains, high-standard digital rules of the road, and energy transition outcomes that will drive prosperity on both sides of the Pacific," the statement said. "Small and medium-sized enterprises especially stand to benefit from trade facilitation commitments that will increase the ease of doing business across borders in the region, particularly in the digital space."