Pompeo to unveil investment push in Indo-Pacific

02 August, 2018, 13:47 | Author: Edward Snyder
  • US Secretary of State Mike Pompeo centre US. Secretary of Defense Jim Mattis Foreign Affairs Minister Julie Bishop and Minister for Defence Marise Payne

Pompeo said the USA remains committed "to economic engagement in the Indo-Pacific because of the national security benefits for the American people and our partners".

The U.S. Chamber of Commerce projects that Asian nations have the potential to create 50 percent of global GDP in the coming decades.

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.

"This partnership represents our commitment to an Indo-Pacific region that is free, open and prosperous", the three nations said in a joint statement issued on Monday, according to Bishop.

The Digital Connectivity and Cyber security Partnership will use public-private partnerships and technical assistance to support digital infrastructure in the Indo-Pacific.

Last year, President Trump said in Vietnam, the Indo-Pacific is "a handsome constellation of nations, each its own bright star, satellites to none - and each one a people, a culture, a way of life, a home".

"We'll have contracts that are open and transparent".

Secretary of State Mike Pompeo touted plans Monday for a major increase in USA public and private investment across Asia to fund technology, infrastructure and energy initiatives, as China floods the region with its own investment and infrastructure projects.

Hook said Washington welcomed Chinese contributions to regional development, but said it wanted China to adhere to worldwide standards on transparency, the rule of law and sustainable financing.




After the USA withdrawal, trade ministers from the 11 nations that stuck with TPP talks - Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam - signed a new agreement in Chile on March 8.

Speaking at the same event, US Commerce Secretary Wilbur Ross said the United States has eased export controls for high-technology product sales to India.

India is a critically important player in the entire scheme of things, she argued, noting that over the years it has emerged as a much more consequential actor in South east Asia.

"We believe in strategic partnerships, not strategic dependency", he said. "We also know that in many areas, including in the digital economy, India is a leader and a pioneer that has a lot of knowledge to share". We want it to be free, we want it to be open.

Pompeo said the United States has signed a $350 million investment compact with Mongolia to develop new sources of water supply.

"And only if countries make themselves welcoming to private investment will those trillions of dollars get off the sidelines, into their economies, and into productive enterprises that bring jobs and prosperity to their peoples", he said.

Biswal refuted the notion that the forum is intended against China. "I think the others are beginning to see that as well", he said.

Under this the United States will support communications infrastructure development through technical assistance and public-private partnerships; promote market-driven digital regulatory policies; and build partners' cybersecurity capacity to address common threats, he said.

Recommended:

  • Zimbabwe opposition says its candidate won

    Zimbabwe opposition says its candidate won

    The electoral commission warned that final results of the presidential first round may not be known until Friday or even Saturday. The southern African country this week held its first elections since the downfall of longtime leader Robert Mugabe in 2017.
    Trump Says He Would 'Certainly Meet' with Iran's Rouhani

    Trump Says He Would 'Certainly Meet' with Iran's Rouhani

    This includes reimposing sanctions on Iran's purchases of USA dollars as well as its trade in gold and precious metals. Iranian officials have spoken out against US President Donald Trump's offer to meet Iran's leader.
    San Antonio Aquarium releases statement, video following shark theft

    San Antonio Aquarium releases statement, video following shark theft

    They used the bucket to transfer the shark into the stroller and "hurried up the stairs and out to the parking lot", it said. Accorind to KENS 5 News , the 1.5-foot predator was a horn shark, which can survive outside of water for two to three hours.
  • Man United promise to back Jose Mourinho in transfer market

    Man United promise to back Jose Mourinho in transfer market

    Manchester United manager Jose Mourinho says he is confident that the club will sign at least one more player before the Premier League's transfer window closes on August 9.
    Apple Needs iPhone Prices to Stay Dialed Up

    Apple Needs iPhone Prices to Stay Dialed Up

    Tim Cook spent an unusual amount of time focused on Apple's services division during the Q3 earnings call, and for good reason. Some of the more bullish Apple analysts believed Apple might report $9.2 billion in services revenue for the June quarter.
    U.S.  economic growth surges by 4.1 cent

    U.S. economic growth surges by 4.1 cent

    THE FACTS: Economists do expect a strong number for growth in the April-June quarter, but it is likely to be a temporary bounce. But yes, we can talk all day long about GDP numbers all day long, but that doesn't matter if you just got laid off.
  • State AG Ferguson to file lawsuit over 3D-printed guns

    State AG Ferguson to file lawsuit over 3D-printed guns

    Wilson posted the plans for his gun, called the Liberator, onto his website, where the plans were downloaded thousands of times. That same day Wilson and the Second Amendment Foundation filed a preemptive suit against New Jersey Attorney General Gurbir S.
    Facebook and Mark Zuckerberg sued after stock crash 'shocked' market

    Facebook and Mark Zuckerberg sued after stock crash 'shocked' market

    The earnings covered the company's first full quarter since the Cambridge Analytica privacy scandal erupted. The plaintiff, James Kacouris, filed the lawsuit Friday seeking class action status and to recover damages.
    It's Fortnite's 1st birthday, but you get the gifts!

    It's Fortnite's 1st birthday, but you get the gifts!

    With the arrival of the Fortnite birthday quest-line, completion of the quest will reward them the birthday brigade Ramirez hero. Players can unlock new items with limited-time birthday challenges, plus there are new mini games and a new-look Battle Bus.
  • Supreme Court nominee Brett Kavanaugh gets major boost with Rand Paul backing

    Supreme Court nominee Brett Kavanaugh gets major boost with Rand Paul backing

    The Kentucky senator was one of the few Republicans considered possible swing votes on Kavanaugh's confirmation. He said he is also not anxious about a flurry of advertising pressuring him to confirm Kavanaugh.
    Thankful fawn licks officer after rescue from California wildfires

    Thankful fawn licks officer after rescue from California wildfires

    Bledsoe said he did not know his home was in danger when he left his wife and great-grandchildren to run an errand on Thursday. Mendocino County Undersheriff Matthew Kendall said about 1,000 residents had been ordered from their homes in his county.
    Former Blue Jays pitcher JA Happ full of praise for Toronto, Canada

    Former Blue Jays pitcher JA Happ full of praise for Toronto, Canada

    And in his last 10 starts against the Red Sox dating back to 2015, he has posted a 1.78 ERA with a.202 opponent batting average. His ERA has fluctuated month to month , and he has had a awful July, posting an 0-3 record with a 7.41 ERA through four starts.


Popular

U.S. Prepares List of Turkey Economic Sanctions Targets
US State Department spokeswoman Heather Nauert has also called the detention "unjust", adding, "Turkey knows our position well". US pastor Andrew Brunson reacts as he arrives at his home after being released from the prison in Izmir, Turkey July 25, 2018.

Valtteri Bottas and Toto Wolff reconcile 'wingman' spat after Hungarian Grand Prix
Kimi Raikkonen admitted over the weekend that it is "up to the team" whether he stays next year. I was lucky the auto was not broken and I could carry on".

Department of Defense Begins Identifying Remains Returned From North Korea
DPAA spokeswoman Kristen Duus told NPR's Ailsa Chang, "We find remains very frequently that don't always have ID tags with them". Byrd said there was also a lot of military hardware, such as helmets, canteens and boots, included in the shipment.

Trump Calls Out Mueller for 'Conflicts of Interest'
Not only did Trump know that Flynn was under criminal investigation by the FBI, but he also knew the specific nature of Flynn's crime, according to Waas.

Manafort Drops Appeal of Civil Case Against Mueller
Asonye said Manafort didn't just lie to the Internal Revenue Service. "He worked for me for a very short time". Asonye attempted to backtrack, telling Judge Ellis that the evidence presented will determine if Mr.

Sen. Johnson: Shutdown Threat Not 'Helpful'
Instead, he simply ticked down a list of border security funding priorities and immigration reforms that he would like to see. The $5 billion is well above the $1.6 billion in the Senate version of a bill funding the Department of Homeland Security.

#BRUHNews: Colombian Drug Gang Puts $70K Bounty On German Shepherd
Because she has been so successful, she is the topic of tweets and has even been featured on television. "She is playful. He has to change location every three hours, according to Business Insider , as police close in on the cartel leader.

California wildfire: Hopes emerge that fire is slowing down
Officers have gone to homes of several people reported missing and found that cars were gone - a strong indication they fled. Some 536 structures have been destroyed, with a count by the Associated Press finding that at least 300 of those are homes.

Chelsea Finally Set World Record Price Tag On Real Madrid target
However, Starsport understand Everton are set to offer their star man a new bumper deal to keep him at Goodison Park . The 31-year-old struggled for first-team action last season but has played in Sarri's pre-season line-ups.

Xherdan Shaqiri: It was a very attractive goal
The Red Devils have made three new acquisitions so far this summer after having tied up deals for Diogo Dalot, Fred and Lee Grant. But none of that money has gone on defenders, though they did spend £75m on Virgil van Dijk in January.