► All agreements for the IPEF were meant to be concluded during the 2023 APEC summit, but participating countries failed to reach a deal on trade, including the labor and environmental sectors, due to the differing laws and policies of each country, and decided to continue negotiations.
► "San Francisco Principles on Integrating Inclusivity and Sustainability into Trade and Investment Policy" [explains that] by fostering quality growth, trade and investment policies should become drivers of inclusive and sustainable growth not only in the Asia-Pacific region but also in the global economy, and provide welfare and benefits to small- and medium-sized companies, women, and economies with untapped potential.
► The Korean president also pronounced the need for the Korean government's contribution and solidarity with APEC member states in the transition to clean energy and overcoming the climate crisis.