On 14 November 2023, H.E. Mr. Jakkapong Sangmanee, Deputy Minister of Foreign Affairs on behalf of the Deputy Prime Minister and Minister of Foreign Affairs, attended the Indo-Pacific Economic Framework (IPEF) Ministerial Meeting for Pillar II-IV in San Francisco. The Meeting was chaired by United States Secretary of Commerce Gina Raimondo. Attended the Meeting were Ministers from 14 IPEF Partners, namely Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, United States, and Viet Nam.

The Meeting welcomed the substantial progress in the negotiations of Pillar III (Clean Economy) and Pillar IV (Fair Economy). The Meeting also discussed way forward for the implementation of IPEF cooperation, particularly the plans to convene IPEF Clean Economy Investor Forum and the idea of developing a capital fund to mobilise investment for Clean Economy through cooperation with the private sector.

On this occasion, the Deputy Minister of Foreign Affairs participated in the signing of the landmark Indo-Pacific Economic Framework for Prosperity Agreement Relating to Supply Chain Resilience, marking the first-of-its-kind regional agreement which will facilitate investments, movement of goods, cooperation relating to critical sectors and key goods, and sharing of information among IPEF Partners to better prepare for future supply chain disruptions.

In addition, the Deputy Minister of Foreign Affairs reaffirmed Thailand’s commitment to working closely with other IPEF Partner Countries to strengthen seamless infrastructure connectivity in the region, incentivise investments in clean energy transition and climate infrastructure projects, forge R&D partnerships for climate technologies, bolster anti-corruption efforts, and promote tax transparency, with a view to fostering an enabling environment conducive to high-quality trade and investment.