For more information on how these developments may affect your business, please contact Nicole Bivens Collinson at (202) 730-4956 or via email.
Korea
The Department of Commerce reports that at the second ministerial meeting under the U.S.-Korea Supply Chain and Commercial Dialogue, held June 27 in Washington, D.C., senior officials noted “significant, substantive progress” being made by working groups on advanced manufacturing and supply chain resilience, dual-use export controls, healthcare and healthcare technologies, and the digital economy. In particular, they highlighted recent activities illustrating deeper bilateral cooperation on semiconductor investment, agreed to continue collaboration on export controls to address national security threats while minimizing supply chain disruption, discussed cooperating on digital standards-related activities and industrial artificial intelligence, and committed to exploring opportunities for collaboration in third countries where governments are seeking to increase their access to investment and global markets.
Philippines
The Office of the U.S. Trade Representative reports that the U.S. and the Philippines met July 1-2 under their bilateral trade and investment framework agreement, which was signed in 1989. USTR indicates that U.S. concerns include the Philippines’ implementation of internationally recognized labor rights as well as its stance on agricultural biotechnology. Other topics of discussion included government procurement, intellectual property, automotive safety standards, supply chains, and the environment.
Africa
USTR has announced that the annual African Growth and Opportunity Act Forum will be held July 24-26 in Washington, D.C. USTR said the forum will include discussions on how to “make AGOA more transformative and ensure that the program can be an effective tool to drive inclusive, sustainable economic growth for more people and advance regional integration efforts.” It will feature plenary sessions on the present and future of AGOA and U.S.-Africa trade and investment cooperation as well as breakout sessions on various topics.
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