Australia and Japan are united with the United States of America to increase investment in infrastructure projects in the framework of the Indo-Pacific Economic Strategy. The authorities of countries are confident that this decision will be an effective response to the growing influence of China in the region.
In a joint statement of July 31, the states announced a tripartite partnership for investing in regional projects that will build infrastructure, solve development problems, establish business communications and contribute to economic growth. Nevertheless, this agreement has opponents that believe that the Chinese regime can use the program chosen by the parties in its own interests.
Exposure from the statement: «We share the view that investments should be transparent, based on open competition, sustainable and formed in compliance with international standards. Additional conditions are the use of local labor and prevent unstable debt obligations. «
Without making any specific references to China, US Secretary of State Mike Pompeo said in the Chamber of Commerce and Industry that the United States wants «freedom and openness for the Indo-Pacific region», in which no country should be dominated. Australian Trade Minister Stephen Chobo said that the partnership is not an attempt to «challenge» the Chinese regime. He added that Australia should play an active role in cooperation with developing economies in the whole region.
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