cover image: Indo-Pacific Economic Framework for Prosperity Agreement relating to Supply Chain Resilience

Indo-Pacific Economic Framework for Prosperity Agreement relating to Supply Chain Resilience

12 Jun 2024

While we welcome the inclusion of a corporate accountability mechanism, based on the good-practice facility-specific mechanism in the US-Mexico-Canada (USMCA) trade agreement, the IPEF version of this mechanism is significantly watered-down and the labour provisions in the agreement are largely unenforceable. [...] Recommendation 1: JSCOT should note that the implementation of the agreement before the completion of the JSCOT review and domestic ratification processes is not acceptable and should not reoccur in the future. [...] Recommendation 3: The Australian Government must use the five-year review of IPEF to ensure a review of the functioning of the Labour Rights Advisory Board to ensure it is effective, including advocating for the removal of the requirement for reports to be approved by a two-thirds majority before they are made public. [...] 7 Recommendation 3: The Australian Government must use the five-year review of IPEF to ensure a review of the functioning of the Labour Rights Advisory Board to ensure it is effective, including advocating for the removal of the requirement for reports to be approved by a two-thirds majority before they are made public. [...] The shortcomings of the IPEF mechanism include: • The details of the complaint are to be kept confidential and the process.

Authors

Microsoft Office User

Pages
12
Published in
Australia

Table of Contents