U.S. won't join CPTPP but will seek new framework: Raimondo

Commerce chief says Biden administration ready to cooperate on digital technology and supply chains

 

Yoichi Takita, Nikkei Asia

November 16, 2021

 

TOKYO -- U.S. Commerce Secretary Gina Raimondo said Monday that her country looks to form an economic framework that goes beyond the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

 

America envisions an economic framework that "could be even more robust in some ways than the traditional free trade agreement," Raimondo said in a television interview during her trip to Tokyo.

 

While reiterating the Biden administration's position that the original Pacific trade agreement "is not something that America would be part of at this time," she said the U.S. is open to a cooperative framework with Japan and other friendly nations that oversees a wide range of areas, including digital technology and supply chains.

 

President Joe Biden unveiled plans for an Indo-Pacific economic framework at the East Asia Summit, held virtually in late October.

 

"We look forward to signing an agreement with the economies in the region which is a robust economic framework," Raimondo said.

 

Under then-President Barack Obama, the U.S. was involved in the negotiations for the Trans-Pacific Partnership, which was signed in 2016 but never entered into force...

 

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