The United States has listed the energy, health, and transportation and logistics industries and as critical sectors and semiconductors, aerospace components and nuclear energy materials as key goods for potential cooperation under the Indo-Pacific Economic Framework for Prosperity supply chain agreement.
Under the IPEF agreement, all parties committed to creating such a list to be shared with the IPEF supply chain council, which is tasked with driving collaboration on Indo-Pacific supply chain opportunities and challenges.
Here is the U.S. list provided by the Department of Commerce:
- Agriculture
- Chemicals
- Consumer goods
- Critical minerals and mining
- Energy/environmental industries
- Health industries
- Information and communication technology products
- Transportation and logistics
The U.S. list was formed through the International Trade Administration’s in-house analyses of supply chains for sectors and goods and public consultation in June.
According to the Commerce Department, the IPEF council may select the sectors and goods as the subject of action plans to build supply chain resilience and explore opportunities to identify best practices and advance efforts to improve regional trade.
The U.S. may update the list, incorporating additional feedback from various industries and the public.