Indo-Pacific control not USA plan: Pompeo

02 August, 2018, 13:51 | Author: Bert Pena
  • Pompeo to unveil investment push in Indo-Pacific

The Trump administration on Monday announced $113.5 million in immediate United States funding to seed new strategic initiatives in the Indo-Pacific region to counter the Chinese threat - both in the economic and defence spheres.

"This trilateral partnership is in recognition that more support is needed to enhance peace and prosperity in the Indo-Pacific region", Australia Foreign Minister Julie Bishop said Tuesday in an emailed statement.

These sectors are foundations of the Indo-Pacific's economic future and the initiatives and funding are designed to accelerate USA private-sector investment in the region, support more job-creating United States export opportunities, and also to meet the region's needs for economic growth and development, Hook said, while declining to give details of the funds.

The U.S. "will not seek dominance in the Indo-Pacific, and will oppose any country that does", he said.

"When you look at the democracies spanning the Indo-Pacific region, from the US, India, Japan, and other very strong democracies that span the Indo Pacific, we share an interest in advancing security and prosperity in the region", Hook said.

Xie believes that America's new Indo-Pacific initiative will make the US presence in the region stronger and with clearer focus.

"I've said on many occasions that we welcome investment in the Pacific that adheres to global standards of transparency, accountability, engaging local workforces and ensuring that unsustainable debt isn't imposed on the recipient nations".

Pompeo said the United States has signed a $350 million investment compact with Mongolia to develop new sources of water supply. "So, the Chamber is a hosting this gathering as an effort to really bring together a lot of these different actors and different perspective and create some opportunities for that connections to be made", she said.

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"I believe they can deal with it properly", he said, without giving further details. Beijing's BRI calls for half a trillion dollars in investment in infrastructure along trade routes to China, which is expected to overtake the U.S.as the world's largest economy before 2030. We want the peaceful resolution of territorial and maritime disputes.

"This is key to worldwide peace".

When we say "open" in the Indo-Pacific, it means we want all nations to enjoy open access to seas and airways.

"A free and open Indo-Pacific is America's chosen course - and we hope that it will be yours too", he said.

"This is meant to be an articulation of a robust policy and engagement from the U.S., from the government and from the business community and desire to do so in a way that is collaborative and consultative with our partners and counterparts across the region", she said.

In the '60s, we grew partnerships to address basic developmental needs. The top United States diplomat will also be seeking to ensure that countries remain committed to maintaining economic sanctions on North Korea.

Pompeo also announced strengthened support for regional institutions in the Indo-Pacific, including the ASEAN and US-ASEAN Connect, APEC, and the Lower Mekong Initiative, along with a first-ever contribution to the Indian Ocean Rim Association.

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