Tag Archives: Indo-Pacific

President Trump’s Indo–Pacific Economic Investment Initiative

Indo-Pacific_biogeographic_region_map-enUS Secretary of State Mike Pompeo has laid out a new vision for American economic engagement in the Indo–Pacific, announcing the rollout of a new US regional infrastructure initiative, which, while not explicitly targeting China’s growing economic power in the region, attempts to provide Indo–Pacific countries with US financial and technical alternatives to China. The funds may be modest, yet they remain important; the key question is whether the strategy will be sustained, and whether it will succeed in engaging other US allies as well.

Secretary of State Mike Pompeo has announced the launch of ‘America’s Indo–Pacific Economic Vision’, which will focus on digital economy, energy, and infrastructure investments to the tune of $113 million. While the initiative indicates that the US’s Indo–Pacific Strategy is gaining substance, more will need to be done to convince the region that the US is committed to sustained engagement and that Washington is determined to create a power balance that will allow countries to make the best choices for themselves.

 

The initiative encompasses three main project funding strands: $25 million to expand partner countries’ digital connectivity and US technology imports; $50 million to develop sustainable and secure energy markets across the Indo–Pacific; and $30 million to launch an Infrastructure Transaction and Assistance Network for infrastructure development in the region. It is a not a great deal of money, but it is a significant start and a symbolic gesture.

More: https://rusi.org