Press Releases
Indo-Pacific Economic Framework for Prosperity (IPEF) Ministerial
June 6, 2024
On June 6, the Indo-Pacific Economic Framework for Prosperity (IPEF) Ministerial and the Investor Forum were held in the Republic of Singapore. Mr. SAITO Ken, Minister of Economy, Trade and Industry and Mr. TSUJI Kiyoto, State Minister for Foreign Affairs, attended these meetings from Japan. The overview of the meetings is as follows:
- The IPEF Ministerial and the Investor Forum were attended by the representatives from the United States, Australia, Brunei, Fiji, India, Indonesia, Malaysia, New Zealand, the Philippines, the Republic of Korea, Singapore, Thailand, Vietnam, aside from Japan.
- The signing ceremony was held for the IPEF Clean Economy Agreement, the IPEF Fair Economy Agreement, and the IPEF Agreement, the negotiations of which were substantially concluded in San Francisco, the U.S., last November. In addition to these agreements, the current implementation status and future efforts on the IPEF Supply Chain Agreement, which entered into force this February, among other issues, were also discussed. State Minister Tsuji welcomed the signing of the agreements, and expressed his wish to cooperate for their early entry into force. He also emphasized Japan’s intention to reinforce cooperation to promote a fair economy under the IPFF and introduced Japan’s efforts in the respective areas of the agreements. A press statement was issued on the occasion of this meeting.
- In addition, the Investor Forum was held to promote business matching among private companies and institutional investors in order to attract investments in sustainable infrastructure and climate change-related technologies. The forum was attended by ministers from the IPEF partner countries, public lenders and government agencies, multilateral development banks, institutional investors, as well as private companies, and panel discussions were held among other events on the clean economy in the Indo-Pacific region.
- During his stay in Singapore, State Minister Tsuji held bilateral meetings with the representatives of the United States, Fiji, Indonesia, Brunei and New Zealand to discuss various issues related to the international economy as well as the Indo-Pacific region in addition to the IPEF, and confirmed that they will continue to work closely together.
Meeting with Mr. Amin Liu, Minister at the Prime Minister's Office and Minister of Finance and Economy II, Brunei
Meeting with Doug McKalip, Chief Agricultural Negotiator, the United States Trade Representative
Meeting with Mr. Airlangga Hartartarto, Coordinating Minister for Economic Affairs, Indonesia
Meeting with Mr. Manoa Kamikamiza, Deputy Prime Minister and the Minister for Trade, Co-operatives, Small and Medium Enterprises and Communications, Fiji
Meeting with Mr. Todd McAuley, Minister of Trade, Minister of Agriculture, Minister of Forestry, Minister of Hunting and Fishing and Mr. Simon Watts, Minister of Climate Change and Minister responsible for Revenue, New Zealand
IPEF Clean Economy Investor Forum
(Reference1) Attendees from countries other than Japan
- United States: Gina Raimondo, Secretary of Commerce; Doug McKalip, Chief Agricultural Negotiator, the United States Trade Representative
- Australia: Mr. Don Farrell, Minister for Trade and Tourism
- Brunei: Mr. Amin Liu, Minister at the Prime Minister's Office and Minister of Finance and Economy II
- Fiji: Mr. Manoa Kamikamiza, Deputy Prime Minister and the Minister for Trade, Co-operatives, Small and Medium Enterprises and Communications
- India: Mr. Sunil Bhaswal, Commerce Secretary; Mr. Rajeju Agrawal, Additional Secretary, Department of Commerce, Ministry of Commerce and Industry
- Indonesia: Mr. Airlangga Hartartarto, Coordinating Minister for Economic Affairs
- Malaysia: Mr. Zahurul Aziz, Minister of Investment, Trade and Industry
- New Zealand: Mr. Todd McAuley, Minister of Trade, Minister of Agriculture, Minister of Forestry, Minister of Hunting and Fishing and Mr. Simon Watts, Minister of Climate Change and Minister responsible for Revenue
- Philippines: Mr. Alfredo Pascual Secretary of Trade and Industry
- Republic of Korea: Mr. In-kyo Chung, Minister for Trade, Ministry of Trade, Industry and Energy
- Singapore: Mr. Gan Kim Yong, Deputy Prime Minister and Minister of Trade and Industry
- Thailand: Mr. Maris Sangiampongsa, Minister of Foreign Affairs
- Vietnam: Mr, Nguyen Hong Dien, Minister of Industry and Trade
(Reference2)
- ○Press Statement on Indo-Pacific Economic Framework for Prosperity Ministerial in Singapore (English(PDF)
/provisional Japanese translation(PDF)) - ○IPEF Clean Economy Agreement (English(PDF)/provisional Japanese translation(PDF))
- ○IPEF Fair Economy Agreement (English(PDF)/provisional Japanese translation(PDF))
- ○IPEF Agreement on the Fair Economy (English(PDF)/provisional Japanese translation(PDF))