US Secretary of State Mike Pompeo will address the US Chamber of Commerce's Indo-Pacific Forum.
Both the George W. Bush and Barack Obama administrations tried to contend with several of these challenges, including by moving towards bilateral and multilateral free trade agreements and fashioning various initiatives to coordinate, focus, and, with the Trans-Pacific Partnership (TPP) only being one example of this. The statement includes a commitment to partner on economic development in the Indo-Pacific, and goes more specific with a plan on infectious disease reduction and global health security across the Indo-Pacific.
Hook said that the secretary's announcements would be an economic pillar for America's Indo-Pacific strategy.
"These funds represent just a down payment on a new era in United States economic commitment to peace and prosperity in the Indo-Pacific region".
"The United States is committed to growing our presence in the region because we want Americans and all people of the Indo-Pacific to share in the economic growth of 2020, 2030, 2040, and beyond".
Pompeo said the investments "represent just a down payment on a new era in USA economic commitment to peace and prosperity in the Indo-Pacific region".
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"This is meant to be an articulation of a robust policy and engagement from the United States, 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.
"We do this because we recognise the tremendous economic and social benefits that come with an open, secure, and reliable internet", he said.
Promoting universal access to affordable, secure and reliable energy supplies by tapping America's vast natural resources and technical expertise.
He said the U.S. also launched an Infrastructure Transaction and Assistance Network to boost the development of infrastructure done right.
Among the new investments outlined by Pompeo, the United States will invest $25 million to expand U.S. technology exports to the region, add almost $50 million this year to help countries produce and store their energy resources and create a new assistance network to boost infrastructure development. Another advantage of the USA, he said, is that "we will help them keep their people free from coercion or great power domination". "We stand ready to enhance the security of our partners and to assist them in developing their economies and societies in ways that ensure human dignity".
When we say "free" Indo-Pacific, it means we all want all nations, every nation, to be able to protect their sovereignty from coercion by other countries.
Only the private sector does, he added.
Before visiting China in November, Trump signed two deals with Japan, pledging cooperation on infrastructure projects in the region.