Calls for more US economic engagement in Indo-Pacific region at US security forum

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Defense leaders at a security forum lamented the United States’ lagging economic engagement in the Indo-Pacific region, noting that it failed to keep up with China and even risked undermining America’s security presence in Asia. | AsiaNewsNetwork

“The US increasing their military presence in Asia as a stabilizing force is virtuous, it’s good, and we will support that. We think the US should do more to engage, as it did previously, to build an economic framework, which as a tide it can lift all boats. And be careful on Taiwan,” he added.

Washington is negotiating the Indo-Pacific Economic Framework, which covers 13 other countries and a total of 40 per cent of global gross domestic product . But it is not a traditional trade agreement and lacks market access, which is at the top of Asian countries’ wish list. But he asked: “Is American presence in the Indo-Pacific primarily premised on security grounds adequate? Will it give you that kind of moral legitimacy that you had in the 1960s to the year 2000?”US senator Lindsey Graham, who was also on the panel, said domestic politics prevent Washington from joining global trade deals like the TPP.

He added: “The strategy America has today on the economic front and on the military front to deal with expansionist China is woefully inadequate to the task.”

 

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