"Trade Winds: India - will take place in New Delhi in the spring of 2019", the Department of Commerce announced, the day the Trump Administration unleashed a series of initiatives addressed at development and infrastructure projects of countries in the Indo-Pacific region.
An Australian minister said on Tuesday a new infrastructure partnership with the United States and Japan does not challenge growing Chinese investment in the Indo-Pacific region.
Pompeo mentioned Bangladesh's first-ever satellite launching with the SpaceX and said USA companies literally help Indo-Pacific partner nations reach for the stars. Another advantage of the U.S.is that "we will help them keep their people free from coercion or great power domination", he said.
"While we work with our partners to craft better and higher standard bilateral trade agreements our companies are continuing to advance U.S. economic interest by growing their presence in the region".
That work will continue, he maintained, as "it is clearly in America's strategic interest to deepen engagement in the Indo-Pacific region".
The Chamber of Commerce said on its website that the Indo-Pacific could account for half the world's economy within decades, but needed investment of almost $26 trillion in order to fulfill its potential.
The agreement was expected to be signed at the 18-nation Pacific Islands Forum in September, New Zealand's Ministry of Foreign Affairs and Trade said, describing the Pacific as an "increasingly contested strategic environment".
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Asserting that the US" commitment to a free and open Indo-Pacific was deeply rooted, he said: "Economically, "open' means fair and reciprocal trade, open investment environments, transparent agreements between nations, and improved connectivity to drive regional ties - because these are the paths to sustainable growth".
The United States' first outlined its strategy to develop the Indo-Pacific economy at an Asia-Pacific summit a year ago. We want it to be free, we want it to be open. Another advantage of the USA, he said, is that "we will help them keep their people free from coercion or great power domination".
That money will help countries in the region grow their economies in the digital and energy sectors.
"We work very closely with India ... and so the U.S. and India are working bilaterally, and we also do that in cooperation with other like-minded partners, especially Japan and Australia, Korea, to advance our shared vision of the Indo-Pacific", Hook added.
"The US government's Indo-Pacific initiatives will be shaped by these values and buttressed by partnerships with American companies".
The initiative will grow foreign energy markets and boost USA energy exports by expanding public-private partnerships, fostering business-to-business connections, and helping partner governments set market-based energy policies.
And what is Pompeo's plan to engage regional institutions such as the Association for Southeast Asian Nations (ASEAN), the Asia-Pacific Economic Cooperation forum (APEC), or the Indian Ocean Rim Association?