United States Push in the Indo Pacific: Second Business Forum in Bangkok
The United States is pitching for greater investment in the Indo Pacific after the Chinese Belt and Road Initiative has attracted a number of major players to this region with heavy investments. While the U S is following the lead of the Chinese it has launched a the Indo-Pacific Business Forum.
The Second Annual Indo Pacific Business Forum will be held in Bangkok, Thailand on the sidelines of the East Asia Summit (EAS) and will bring together key U.S. Cabinet Secretaries and senior leaders from U.S. government and business to discuss how government tools and policies can facilitate private sector partnerships to unleash the full potential of the Indo-Pacific region.
First held at the U.S. Chamber of Commerce on July 30, 2018, the 2nd forum will also bring together government and business leaders from Indo-Pacific countries. Additionally, the Forum will include the announcement of several initiatives in sectors such as energy, infrastructure, and the digital economy says the Amcham Thailand website.
Amongst the themes are to discuss the expanding commercial opportunities in the Indo-Pacific against the back drop of Southeast Asian economies being the fastest growing in the world, with immense opportunity for commercial development.
Fostering a Vibrant Digital Economy in the Indo-Pacific is another area of focus as more people and businesses in the Indo-Pacific come on-line, domestic and international tech companies will be looking to Indo-Pacific nations to foster a free and vibrant digital economy.
Energy Sustainability in the Indo-Pacific with the huge 60 percent of global energy consumption of the region will be covered The International Energy Agency estimates that over the next two decades, the Indo-Pacific’s demand for electricity will continue to grow dramatically. Strengthening power systems and energy markets to provide reliable, affordable, and diverse fuel supply will help meet this demand. This discussion will explore applying an “all of the above energy” strategy to the Indo-Pacific and how the Indo-Pacific fast-growing economies offer vast opportunities for energy infrastructure investments.
Through 2030, there is estimated to be well over $20T in infrastructure investment to meet the growing needs of the countries in the Indo-Pacific. This discussion will focus on where those needs are, how they can be fulfilled by partnership with public, private, and international institutions, as well as what tools governments can use, like the Infrastructure Transaction Assistance Network, to help bring in that investment.
Private sector solutions to the growing demands of Indo-Pacific countries are driven by access to finance. This discussion will touch on how financing enables private sector development and how countries can address the top concerns of financiers looking to support projects in the region.
These discussions will include senior U.S. and Asian investment banks, venture capital representatives, and government representatives