Australia will host the first negotiating round of the Indo-Pacific Economic Framework (IPEF) in Brisbane from 10 to 15 December 2022.
I am deeply committed to IPEF's success, given its potential to bring significant benefits to our region.
IPEF brings together 14 of the largest and most dynamic regional economies, accounting for 40 per cent of global GDP and including eight of Australia's top ten merchandise trading partners.
IPEF will complement and build on existing regional architecture with new and innovative solutions to modern trade and economic challenges.
This week's negotiations will focus on IPEF's four priority areas - trade, including digital trade; supply chains; the clean energy transition; and the fair economy, including tax and anti-corruption.
Australia will welcome negotiators from the founding members of IPEF including Brunei Darussalam, Fiji, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Republic of Korea, Singapore, Thailand, the United States and Vietnam.
