Negotiators for prospective Indo-Pacific Economic Framework for Prosperity countries reaffirmed their "shared commitment to ambitious outcomes in Pillars III (Clean Economy) and IV (Fair Economy) as quickly as possible," at an IPEF virtual ministerial meeting hosted by U.S. Secretary of Commerce Gina Raimondo on June 29. The meeting included representatives from Australia, Brunei, Fiji, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Republic of Korea, Singapore, Thailand, and Vietnam, the Commerce news release said. IPEF members also discussed "the importance of delivering concrete benefits, including technical assistance and capacity building, to support future implementation of the high standard commitments envisioned" for the clean and fair economy pillars, the news release said.
The Commerce Department’s Bureau of Industry and Security sent a final rule for interagency review that could revise the Section 232 steel and aluminum tariff exclusions process. BIS sent the rule to the Office of Information and Regulatory Affairs June 27.