![]() ![]() ![]() Raimondo cited shortages of semiconductors during the COVID-19 pandemic that shut down American auto production, idling thousands of workers. The deal provides an emergency communications channel for IPEF countries to seek support during supply chain disruptions, coordinate more closely during a crisis and recover more quickly. Commerce Secretary Gina Raimondo told a press conference in Detroit that the "first of its kind" agreement calls for countries to form a council to coordinate supply chain activities and a "Crisis Response Network" to give early warnings to IPEF countries of potential supply disruptions. DETROIT, May 27 (Reuters) - Trade ministers of 14 countries in the U.S.-led Indo-Pacific Economic Framework (IPEF) talks "substantially completed" a deal to make supply chains more resilient and secure, the Commerce Department said on Saturday, marking the first tangible results of the year-long negotiations. ![]()
0 Comments
Leave a Reply. |