Trade ministers from 14 countries participated in negotiations for the Indo-Pacific Economic Framework Agreement. These trade talks ended Saturday in Detroit. U.S. Commerce Secretary Gina Raimondo said a first-of-its-kind agreement will establish a council to coordinate supply chain activities. It will also serve as an early warning system for potential supply disruptions. China is not one of the 14 countries involved in this agreement, but due participate in last week’s Asia-Pacific Economic Conference in Detroit and was part of a pledge for more inclusive trade relationships.
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