IPEF to Nowhere The Biden Administration continues to push its Indo-Pacific Economic Framework (IPEF) but at least two developments raise questions as to its utility. The first is Chief Agriculture Negotiator Doug McKalip announcing that agreement on an agriculture chapter is “really close.” Agriculture is nearly always the last sector to achieve consensus in international trade agreements because it is the most politically sensitive in most countries. Being among the first chapters to achieve agreement raises questions as to its substantive value. The second is a suggestion at last week’s WTO Public Forum that IPEF offers little benefit to developing countries. The premise to IPEF is not access to the large Americ...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.