Crapo: The United States must develop an ambitious trade policy in the Indo-Pacific

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Washington DC–During a U.S. Senate Finance Committee hearing on business engagement in the Indo-Pacific region, Ranking Member Mike Crapo (R-Idaho) highlighted the importance of free trade agreements and market access commitments.

On restoring leadership on trade in the Indo-Pacific region:

To view these notes, click HERE or the image above.

“Vibrant economic and trade ties are essential for building trust and cooperation in different regions of the world and at different levels of geopolitical engagement. Putin’s invasion of Ukraine makes it very clear that the United States needs to focus more on “strategic commercial engagement” and, as part of this, restore its leadership on commercial relations in the Indo-Pacific region. »

On deepening trade ties to counter China’s influence:

To view these notes, click HERE or the image above.

“We must strategically deepen our commercial ties to ensure that we and our allies have secure access to energy, critical minerals and sensitive technologies. We also need to develop rules for digital trade that enshrine openness and freedom. If we don’t write the rules, China will. . . Economically, our workers, our businesses and our farmers will lose important opportunities if we stay on the sidelines.

Watch Senator Crapo’s full opening statement HEREor read it HERE.

Crapo recently visited allies and key partners in Southeast Asia, supporting the Indo-Pacific Command’s mission to continue to strengthen security cooperation in the region and strengthen bilateral ties. The trip included visits with officials in the Philippines, Taiwan and India. Taiwan is Idaho’s second largest trading partner, accounting for more than $413 million in Idaho some products in 2020.

Putin’s invasion of Ukraine made it clear that the United States needs to focus more on strategic trade and reestablish its leadership in commercial relations in the Indo-Pacific region, especially as China increases its presence. business in the region.

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