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WASHINGTON (REUTERS) – With US President Donald Trump's "Indo-Pacific" strategy, US Secretary of State Mike Pompeo will announce a series of initiatives in Asia on Monday, July 30. digital economy, energy and infrastructure.
The announcement, which will be made at a US Chamber of Commerce forum in Washington, comes at a time when trade frictions with China have given American trade diplomacy a more marked advantage.
"Brian Hook, senior policy adviser to Mr. Pompeo, told reporters during a conference call
The countries in the region were worried by the policy of" America's " First, Mr. Trump's withdrawal from the United States. Trans-Pacific Partnership Trade Agreement and Continued Trade Dispute with China Threatening to Disrupt Regional Supply Chains
The United States presented its strategy for developing the Indo-Pacific economy at the Asia-Pacific Summit "Indo-Pacific" became known in diplomatic circles as a shortcut for a wider region and led by democracy in place of "Asia-Pacific", which from some points of view had authoritarian China too firmly in his center. 19659007] The Chamber of Commerce said on its website that the Indo-Pacific could account for half of the global economy in a few decades, but needed investments of nearly 26 trillion US dollars ($ 35.42 trillion) to realize its potential. According to Hook, US initiatives and funding would focus on the digital economy, energy and infrastructure, without giving any figures on investments.
In addition to Mr. Pompeo, Secretary of Energy Rick Perry and Secretary of Commerce Wilbur Ross with representatives from Japan, Australia, Singapore, India and the United States. # 39; Indonesia.
million. Hook said the US approach to developing the region was not aimed at countering China's belt and road initiative. y State-led infrastructure projects linking Asia, parts of Africa, and Europe.
"It's an initiative made in China, made for China," he said. "
Critics of the Beijing Belt and Road Initiative, which aims to recreate the ancient Silk Road, say that it is more about spreading the word. Chinese influence and put massive debts on the country. Beijing says it's just a development project that any country is invited to join.
million. Hook said Washington "welcomed" China's contributions to regional development, but wanted China to adhere to international standards on transparency, the rule of law and sustainable development.
"We know that the US economic engagement model is the healthiest for the countries in the region, that it is of high quality, transparent and financially viable," said Mr. Hook
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