USTR
Releases President Biden’s 2024 Trade Policy Agenda and 2023 Annual Report
The Office of the United States Trade
Representative today released President Biden’s 2024 Trade
Policy Agenda and 2023 Annual Report to Congress, which details USTR’s work to
advance President Biden’s trade agenda.
The President’s 2024 Trade Policy Agenda stands up for workers’ rights
and sustainable trade practices, supports U.S. farmers, ranchers, fishers, and
food manufacturers, bolsters supply chain resilience, addresses unfair policies
and practices, and advances inclusive, durable trade policy through expanded
engagement.
“Trade is an integral part of our Administration’s
vision to fundamentally shift our economic policies to focus on strengthening
our middle class and working communities,” Ambassador Katherine Tai said. “The 2024 Trade Policy Agenda and 2023 Annual
Report include key accomplishments and priorities to realize this vision. We are creating new and innovative trade
arrangements with our allies and partners, enforcing existing ones, and
bringing more diverse voices to the table—to drive inclusive economic growth
for more people across our society.”
USTR is implementing the Biden-Harris
Administration’s economic vision by negotiating historic trade arrangements
with our allies and partners:
·
U.S.-Taiwan 21st Century Trade Initiative: In June 2023, the United States and
Taiwan, under the auspices of the American Institute in Taiwan (AIT) and the
Taipei Economic and Cultural Representative Office in the United States
(TECRO), signed the first agreement under the Initiative, which includes
high-standard commitments and economically meaningful outcomes in a number of
areas. The United States and Taiwan,
under the auspices of AIT and TECRO, will continue negotiating a second
agreement covering other economically significant areas.
·
U.S.-Kenya Strategic Trade and Investment Partnership: Since launching negotiations in July
2022, the United States and Kenya are continuing discussions on high-standard
commitments in a wide range of areas with a view to increasing investment;
promoting sustainable and inclusive economic growth; benefiting workers,
consumers, and businesses (including micro-, small, and medium-sized
enterprises (MSMEs); and supporting African regional economic integration.
·
The Indo-Pacific Economic Framework for Prosperity: The United States and our IPEF
partners have made considerable and substantial progress on several chapters of
the Trade Pillar. USTR is fully
committed to continuing this work to advance our shared vision for a high-standard
agreement under the Trade Pillar.
·
Americas Partnership for Economic Prosperity: The United States is working with
other founding members to enhance economic cooperation in our hemisphere and
drive inclusive, people-centered economic
growth. Building on the Leaders’ Summit
of the Americas Partnership in November 2023, USTR is working closely with our
partners to establish a Council on Trade and Competitiveness, which will meet
regularly to implement the guidance with respect to trade matters in the East Room Declaration
of the Leaders of the Americas Partnership.
Under Ambassador Tai’s leadership, USTR is
delivering important wins for domestic agricultural stakeholders, including
farmers, producers, and processors, as U.S. agricultural exports totaled $181 billion in 2023.
Through the United States – Mexico – Canada
Agreement (USMCA), USTR is empowering workers and defending the interests of
U.S. energy and agricultural producers.
This includes using the USMCA’s Rapid Response Mechanism to bring
tangible benefits to workers, including higher wages, safer working conditions,
and reinstatement and backpay to those who were terminated for participating in
union activity.
In line with the Biden-Harris Administration’s goal
of creating economic prosperity for all, USTR is taking unprecedented steps to
promote equitable, inclusive, and durable trade policy. This includes hosting first-ever
minister-level dialogues with labor and Indigenous
leaders during the U.S. host year for the Asia-Pacific Economic Cooperation
(APEC).
At the World Trade Organization (WTO), building on
the progress made at the Thirteenth Ministerial Conference, Ambassador Tai is
working with other WTO Members to reform the organization to restore
transparency, rebuild its ability to address emerging challenges, and make the
dispute settlement system more effective.
USTR will continue to deliver for U.S. workers and
businesses, and for a global trading system that is more resilient, sustainable
and equitable.
Background:
The 2024 Trade Policy Agenda and 2023 Annual Report
of the President of the United States on the Trade Agreements Program are
submitted to the Congress pursuant to Section 163 of the Trade Act of 1974, as
amended.