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Negotiations for Indo-Pacific 'Economic Framework' Likely to Begin in 2022, Raimondo Says
November 17, 2021 |Commerce Dept.

The Indo-Pacific economic framework in early discussions between the U.S. and several Pacific Rim countries could see a more formal process begin in early 2022, Commerce Secretary Gina Raimondo said at a forum hosted by Bloomberg Nov. 17. The framework would be “more robust in some ways” than a traditional free trade agreement, addressing areas not usually covered by trade pacts, she said. Currently in Singapore, Raimondo also discussed the framework in Tokyo on her current trip (see 2111150047), and will be heading to Malaysia, New Zealand and Australia. Raimondo told the forum the topics addressed by the framework could be broader, such as partnerships to build a more resilient supply chain; interoperability, particularly in the context of digital trade; standards for emerging technologies; semiconductors; and green technologies. The U.S. rejoining the Trans-Pacific Partnership is not going to happen now “for various reasons,” Raimondo said. But the framework represents an effort by the Biden administration to reengage economically with the Indo-Pacific, she said. The U.S. has been “absent in the last few years,” and there seems to be a strong “pull to have us back,” Raimondo said.

Commerce Secretary Talks Steel and Aluminum With Japanese Trade Minister
November 15, 2021 by Mara Lee|Commerce Dept.

Commerce Secretary Gina Raimondo met with Trade Minister Hagiuda Koichi Nov. 15, and talked about strengthening supply chains, export controls and cooperating on digital technologies -- and talked about how to cooperate to confront excess capacity in steel and aluminum. Japanese exports of steel face a 25% tariff in the U.S., and after the U.S. agreed to tariff rate quotas on steel with Europe, Japan asked to get a similar deal.

OIRA Reviewing Rule to Remove Some Section 232 Tariffs General Exclusions
October 22, 2021 |Commerce Dept.

The Office of Information and Regulatory Affairs recently began a review of a Commerce Department interim final rule to remove some general approved exclusions, it said in a notice. Commerce determined that some GAEs approved in December (see 2012100047) last year "did not meet the criteria for inclusion as a GAE and should therefore be removed," it said. Commerce previously said it planned to make the changes in its regulatory agenda (see 2106150071).