The Government will establish a body to oversee the implementation of the new Indo-Pacific Economic Framework for Prosperity (IPEF) Supply Chain Agreement.

It confirmed this in a statement yesterday announcing the release of the final text of the agreement.

IPEF is an initiative created by the United States Government to reinforce economic co-operation between itself and countries from the Indo-Pacific region.

Last year, it was announced that Fiji would join the US, Australia, New Zealand, and several Asian nations.

This agreement relates to supply chain resilience, which Deputy Prime Minister and Minister for Trade, Co-operatives, SMEs and Communications, Manoa Kamikamica said Fiji was optimistic about backing, not only for its benefit, but also for the benefit of its allies.

“The IPEF Supply Chain Agreement reflects the spirit of collaboration and shared prosperity among IPEF partners,” he said.

“Fiji is committed to working hand in hand with our regional partners to strengthen supply chains, address supply chain disruptions and promote trade.”

Deputy Prime Minister and Minister for Trade, Co-operatives, SMEs and Communications Manoa Kamikamica with the US Secretary of Commerce, Gina M Raimondo in Detroit, USA in May 2023. Photo: Fiji Government

Under the IPEF Supply Chain Agreement, three core bodies are expected to support increased collaboration among IPEF partners:

1. IPEF Supply Chain Council – Comprising senior Government officials from IPEF partner countries, this council would oversee co-operation on supply chain issues across the Indo-Pacific. It would focus on critical sectors and essential goods vital to national security, public health, and economic stability. Regular meetings and expert assessments would drive diversification and resilience.

2. IPEF Supply Chain Crisis Response Network – This network aims to prepare for and respond to supply chain disruptions. It would facilitate real-time information exchange and offer a platform for partners to assist in crises. Simulations would be conducted to identify vulnerabilities and inform the work of the Supply Chain Council.

3. IPEF Labour Rights Advisory Board – Committed to labour rights and workforce development, this board includes representatives from Governments, workers, and employers. It would identify labour concerns, develop recommendations, and publish best practices to strengthen labour rights across the Indo-Pacific.

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