Gina M. Raimondo, Secretary of Commerce | Ballotpedia
U.S. Secretary of Commerce Gina Raimondo and Australian Minister for Trade and Tourism, Senator the Honourable Don Farrell, convened on June 6, 2024, for the third annual ministerial meeting of the Australia-United States Strategic Commercial Dialogue. This meeting took place alongside the Indo-Pacific Economic Framework for Prosperity (IPEF) ministerial meetings in Singapore.
The officials reiterated the value of the Dialogue as a key mechanism to discuss shared economic and commercial objectives between Australia and the United States. They committed to working together to support an open, stable, and prosperous Indo-Pacific region.
Both Secretary Raimondo and Minister Farrell expressed strong commitment to IPEF. They commended progress made so far, including the signing of agreements related to a clean economy, fair economy, and overall prosperity within the Indo-Pacific Economic Framework. "They agreed the signing of these agreements marks another major milestone," paving the way for closer cooperation on critical regional matters. Additionally, they noted the success of the inaugural IPEF Clean Economy Investor Forum that connects industry players with climate technology and infrastructure projects.
The dialogue included a review of progress by both nations in reducing carbon emissions. The leaders committed to continued cooperation under the Australia-United States Climate, Critical Minerals and Clean Energy Transformation Compact. They acknowledged ambitious efforts such as those outlined in the U.S. Inflation Reduction Act and Australia's A Future Made in Australia agenda, emphasizing their complementarity to investors and private sectors.
Economic security was also a focal point during discussions on trade-distorting subsidies, national security issues tied to investment flows, investment screening cooperation, unfair trade practices, and competition. Both parties reaffirmed their commitment to strengthened cooperation in these areas.
Furthermore, they highlighted ongoing importance of platforms like the annual Australia-U.S. Strategic Trade Controls Dialogue for facilitating candid conversations on dual-use technology export controls with shared objectives among other partners.
