Mr. President, I am pleased to have the opportunity to give some thoughts today on what is going on in the United States and around the globe. Here in these early months of this new Congress, there clearly is broad bipartisan agreement on the importance of the Indo-Pacific region for our country's future. We are strengthening our military posture in that region, and last Congress, we passed legislation to strengthen our strategic industries. What is being ignored, however, is a third component essential to our success in the region: expanding trade. At a State and Foreign Ops hearing in March, I noted the importance of our economic relationships around the world and asked Secretary of State Blinken about our approach to trade agreements, particularly America's absence from the Comprehensive and Progressive Trans-Pacific Partnership--the CPTPP. He told me the original pact in 2015 had real benefits, economically and strategically, but since then the world has moved on. I agree with him, our allies and our partners have moved on. They have moved on without us. A year ago this month, President Biden made his first trip to Asia and unveiled the Indo-Pacific Economic Framework, the administration's initiative to reengage the region on standards involving digital trade, supply chains, climate change, and corruption. This is a small start, but it falls far short of what is needed today to advance American prosperity and security--also, the well-being of our Asian partners.…
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