Mike Pompeo Indo-pacific strategy: United States to spend $113m in Asia

US Secretary of State Mike Pompeo centre US. Secretary of Defense Jim Mattis Foreign Affairs Minister Julie Bishop and Minister for Defence Marise Payne

Building on President Donald Trump's "Indo-Pacific" strategy, U.S. Secretary of State Mike Pompeo will announce a series of investment initiatives in Asia on Monday focusing on digital economy, energy and infrastructure.

The move comes nine months after the Trump administration openly spoke against the "predatory economic policies of an Asian giant" that threatens to eat into sovereignty of countries in the Indo-Pacific region, which has now emerged as a critical engine for growth.

The US "will never seek domination in the Indo-Pacific", said Pompeo, "and we will oppose any country that does".

Among the new investments outlined by Pompeo, the United States will invest $25 million to expand USA technology exports to the region, add almost $50 million this year to help countries produce and store energy resources and create a new assistance network to boost infrastructure development.

U.S. Secretary of State Mike Pompeo at a press conference at the Ministerial to Advance Religious Freedom at the State Department in Washington, U.S., July 26, 2018.

"It's clear a big part of America's global economic future is in this region", he said.

The programmes will extend support for the Better Utilisation of Investments Leading to Development (BUILD) Act, to reform, modernise, and more than double development finance capacity, says a White House release.

"America will be there and American businesses will be there. It is a made in China, made for China initiative".

Trump addressed the issue on Twitter in April, writing, "While Japan and South Korea would like us to go back into TPP, I don't like the deal for the United States".

India strips four millions of citizenship in Assam
Some residents say the demography of the state has been altered by illegal Muslim migrants and resent this. The draft presented by the officials had recognised 2,89,83,677 locals as the citizen of India .

The US has carried out an increasingly protectionist economic agenda since US President Donald Trump took office in 2016, setting the tone early on when he pulled out of the Trans Pacific Partnership deal previous year. We want the peaceful resolution of territorial and maritime disputes.

When asked about Pompeo's remarks, Chinese Foreign Ministry spokesperson said the International Monetary Fund has its own standards and regulations when cooperating with related countries.

When we say "open" in the Indo-Pacific, it means we want all nations to enjoy open access to seas and airways.

He launched new initiatives to accelerate U.S. private investment and support job-creating USA export opportunities in the areas of digital economy, infrastructure, and energy.

Senator Mark Warner, co-chair of the Senate India Caucus, would provide Congressional perspective on how it's important for the U.S. public and private sector to be engaged in the Indo-Pacific region.

As part of its focus on Indo-Pacific region, the USA department of Commerce Monday announced to hold one of its flagship events in India next year.

"The US government's Indo-Pacific initiatives will be shaped by these values and buttressed by partnerships with American companies".

Pompeo will also announce funding to support Asean through US-Asean Connect, the APEC (Asia-Pacific Economic Cooperation) forum and the Lower Mekong Initiative, as well as announcing a first-ever US contribution to the Indian Ocean Rim Association, the senior policy adviser explained.

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