In the latest episode of “Talking Trade,” the U.S. Department of Commerce’s Deputy Assistant Secretary for International Trade, Diane Farrell, discusses the administration’s pandemic stimulus 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 for our economic recovery, how do we take advantage of overseas opportunities, and how do we also help our overseas partners recover from the global impacts of COVID.”
Farrell also points to agency efforts to ensure that trade agreements establish a “level playing field” for American companies.
“We know that when there is a level playing field, our businesses do extremely well,” she said.
She also said she was “thrilled” with the Indo-Pacific Economic Framework for Prosperity recently announced by President Biden. She points to the “various markets” included in the framework such as Singapore, Japan, Australia, India, Malaysia and others.
“It’s important to note that this is also an effort to begin to truly address the impacts of climate change in a material way,” she said. “Another priority, of course, extremely important to the Biden-Harris administration, but one that particularly affected people in this region.”