U.S. Plans New Trade Pact With ‘like-Minded Partners,’ Says Senior Official
Published by Wanda Rich
Posted on June 8, 2022
1 min readLast updated: February 6, 2026
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Published by Wanda Rich
Posted on June 8, 2022
1 min readLast updated: February 6, 2026
Add as preferred source on Google
WASHINGTON (Reuters) – The Biden administration will press its competitive goals against China with the launch of a new trade pact in the Americas focused on “like-minded partners” with existing free trade agreements, a senior Biden administration official said on Wednesday.
WASHINGTON (Reuters) – The Biden administration will press its competitive goals against China with the launch of a new trade pact in the Americas focused on “like-minded partners” with existing free trade agreements, a senior Biden administration official said on Wednesday.
Washington, which has trade deals with Canada and Mexico, will use its new Americas Partnership for Economic Prosperity to develop new customs, digital trade, labor, environmental and corporate accountability standards despite a lack of any new tariff relief for participating countries. It aims to launch negotiations in early fall, the official said.
(Reporting by Trevor Hunnicutt; Editing by Tim Ahmann)
Corporate accountability refers to the responsibility of companies to adhere to laws and ethical standards, ensuring transparency and integrity in their operations and dealings with stakeholders.
Digital trade involves the buying and selling of goods and services through electronic means, including online platforms and e-commerce, facilitating global commerce and economic growth.
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