Investigation of impact of Indo-Pacific regional agreements on United States competitiveness

Not later than 180 days after the date of the enactment of this Act, the United States International Trade Commission shall conduct and conclude an investigation to examine— (1) how preferential market access provisions, including tariffs, quotas, and services commitments, in existing Indo-Pacific regional trade agreements, including the Regional Comprehensive Economic Partnership (RCEP) Agreement and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), affect United States exports and growth opportunities in the Indo-Pacific region; (2) how existing non-tariff barriers, including regulatory practices, relatively lower labor and environmental standards, different rules for sectors ranging from agriculture and the digital economy, and standard-setting in these areas as part of existing Indo-Pacific regional and bilateral trade agreements, impact the competitiveness of American workers and businesses; (3) the impact of existing Indo-Pacific regional trade agreements on United States supply chain resiliency and connectivity, and in particular its impact on the People’s Republic of China’s role in key global supply chains; and (4) differences between the United States-Mexico-Canada Agreement (USMCA) and CPTPP, RCEP, or other regional trade agreements in the Indo-Pacific that would likely have a substantial impact on United States businesses and workers.