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Indo-Pacific Region

A large geographic area spanning from the Pacific Coast of the U.S. to the Indian Ocean, home to a significant portion of the world's population and economic activity.

Preferential Market Access Provisions

Special rules in trade agreements, such as lower tariffs (taxes on imports) or increased quotas (limits on imports), that give certain countries or products an advantage in trade.

Non-Tariff Barriers

Obstacles to trade that are not taxes, such as specific regulations, different environmental or labor standards, or complex customs procedures that can make it harder for goods to enter a market.

Supply Chain Resiliency

The ability of a system of organizations and resources that produce and deliver a product or service to withstand and recover from disruptions, like natural disasters or geopolitical events.

Regional Comprehensive Economic Partnership (RCEP)

A large free trade agreement among 15 countries in the Indo-Pacific region, including China, Australia, Japan, and many Southeast Asian nations, representing a significant portion of the global economy.

Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

A trade agreement among 11 countries, including Canada, Australia, Japan, and Vietnam, that aims to reduce trade barriers and set common standards among its members.