Some 14 countries in the Indo-Pacific region participating in the negotiating round for IPEF seek to ensure a safe and resilient supply chain and minimize disruption and vulnerabilities in Indo-Pacific nations.
"IPEF partner countries are expected to commit to achieving the collective goal of supply chain that is resilient, anticipatory, enduring, and quick to recover from challenges and competitive in Indo-Pacific," Hartarto noted through a statement, Tuesday.
Supply chain-related discussion encompasses the establishment of critical goods and sector criteria, resiliency and investment improvement toward critical goods and sectors, and establishment of information sharing and crisis response mechanism.
It also involves strengthening supply chain logistics, improving workers' role, and ensuring greater supply chain transparency.
In negotiation, partner countries have their own interests, so the discussion of related issues should refer to the international agreements that have been adopted together.
"It also needs to be encouraged to bridge various existing differences by considering the various domestic interests of partner countries," he remarked.
At the meeting, the two ministers underlined the importance of cooperation for economic prosperity and stability in the region.
Advancement achieved throughout the negotiating round for IPEF was also discussed.
Farrell highlighted that the advancement in every negotiation discussion is of utmost importance, so discussion on various pending issues should be conducted immediately.
The meeting was concluded with discussion about the IPEF Ministerial Level Meeting negotiation agenda that will be held this week.
Hartarto, Farrell, and ministers from 12 other IPEF member countries were invited to attend the Second IPEF Ministerial Level Meeting to be held on May 26-27, 2023, in Detroit, Michigan, the United States.
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Translator: Sanya Dinda S, Fadhli Ruhman
Editor: Azis Kurmala
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