In the latest episode of “Talking Trade,” U.S. Department of Commerce Deputy Undersecretary for International Trade Diane Farrell discusses the administration’s pandemic recovery efforts.
“For those of us in the international sphere, it’s not just about building back better in the United States,” she said. “It’s about how do we strategize our economic recovery, how do we take advantage of opportunities overseas, and how are we also helping our foreign partners to recover from the global impacts of COVID.”
Farrell also highlights agency efforts to ensure trade agreements establish a “level playing field” for U.S. companies.
“We know that when the level playing field exists, our companies are extremely successful,” she said.
She also said she’s “thrilled over the moon” about the Indo-Pacific Economic Framework for Prosperity recently announced by President Biden. She points to the “diverse markets” included in the framework such as Singapore, Japan, Australia, India, Malaysia and others.
“Importantly, this is also an effort to start to truly address in a material way the impacts of climate change,” she said. “Another, of course, extremely important Biden-Harris administration priority, but one that folks in that region particularly have been impacted by.”