US Secretary of State Mike Pompeo on Monday will announce a series of economic initiatives in Asia concentrating on the digital economy, energy, and infrastructure.
Pompeo’s senior political adviser Brian Hook said in a conference call that the Indo-Pacific region should become the absolute priority of US policy, both in the executive and the Congress.
The flamboyant “America first” policy of President Trump in the recent months, the US pullout from the Trans-Pacific Partnership and the flaring up trade conflict with China triggered serious concerns among the region’s nation.
The US Chamber of Commerce, which will host the forum, said in a report on its website that the Indo-Pacific region can soon account for at least half of the global economy, but this requires some $ 26 trillion in investments.
Brian Hook stressed that the new approach to the development of the region is not aimed at counteracting China’s projects like Belt and Road infrastructure initiative linking Asia with parts of Africa and Europe. To the opposite, the White House official assured that Washington welcomes China’s contribution to regional development, but calls for adherence to international transparency standards, the rule of law and stable investment.