A key interest of the Global Risk

Mitigation Foundation is the

Indo-Pacific Strategy.  

Our comprehensive, holistic

approach fits this initiative perfectly. 

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What is the Indo-Pacific Strategy?

• The Indo-Pacific strategy is the U.S.

       government’s vision of U.S. economic

       engagement in this region which is 

       defined geographically as the West  

       Coast of India to the West Coast of the

       United States.

 

• It comes directly from the National Security Strategy which articulates an overarching vision of a free and open Indo-Pacific, with emphasis on respect for sovereignty, fair and reciprocal trade, private sector-led economic growth, the rule of law, civil society, and transparent governance.  

• It recognizes the importance of the region to the U.S. and the U.S.’s commitment to the region. 

 

What is the purpose of the Indo-Pacific Strategy?

• The purpose is to advance the United States

       commitment to fostering a free and open Indo-Pacific,

       where strong, independent nations respect each

       other’s sovereignty, uphold the rule of law, and

       advance responsible, market-oriented commerce. 

 

• A few key areas of this effort beyond the business

      environment and infrastructure is energy, digital

      connectivity and cyber-security. At the Commerce

      Department we see these not only as drivers of

      economic prosperity for our partners in the region,
      but also incredible export opportunities for U.S.

      companies.

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Enhancing Shared Prosperity

America has made foreign direct investments of $1.4 trillion in the Indo-Pacific region—more than Chinese, Japanese, and South Korean investments combined. This also means America is attracting more investment from the Indo-Pacific than ever before that will advance fair and reciprocal trade and mobilize even greater private investment.

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• The BUILD Act, signed in October, doubles U.S. development finance capacity to $60 billion.

• The U.S., Japan and Australia signing a trilateral Memorandum of Understanding on development finance cooperation in the Indo-Pacific.

 

Vietnam

• Vietnam is playing a growing role in the U.S. Indo-Pacific strategy to counter Chinese leader Xi Jinping’s attempt to recapture “center stage in the world.”

• Vietnam’s economy is among the best performing in Asia, with GDP up 6.8% year on year in the second quarter of 2018, although it relies heavily on trade with China. Bilateral trade is predicted to reach $100 billion, according to Vietnamese state media. Last year it had a $22.76 billion trade deficit with China

• Vietnam is also rebranding itself as a Western-friendly tech hub, in what some call the “Silicon Valley of Southeast Asia”

• Makers of common American goods are moving production to Vietnam and other countries where tariffs on China don’t apply.

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In addition to Vietnam as described above, there are a number of other countries in the Indo-Pacific Region which GRMF is working with as players in the overall Indo-Pacific strategy. For additional information on these potential partner options and our engagement with them, please contact us.

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