“Indo-Pacific Economic Vision” Defining Future Bilateral Relations
Date(s) - Sep 13, 2018
8:00 am - 10:00 am
Click the below YouTube link to view Secretary of State Pompeo’s speech introducing the Indo-Pacific Economic Vision at the U.S. Chamber of Commerce.
Summary of key initiatives in the Indo-Pacific Economic Vision,
1. The first initiative is the Digital Connectivity and Cybersecurity Partnership. This will start with a $25 million dollar initial investment to improve partner countries’ digital connectivity and expand opportunities for U.S. technology exports. The U.S. will support communications infrastructure development through technical assistance and public-private partnerships; promote market-driven digital regulatory policies; and build partners’ cybersecurity capacity to address common threats. We do this because we recognize the tremendous economic and social benefits that come with an open, secure, and reliable internet.
2. The second initiative is called Asia EDGE. It stands for Enhancing Development and Growth through Energy. Energy is of course the lifeblood of a modern economy. Through Asia EDGE, we will invest nearly $50 million this year alone to help Indo-Pacific partners import, produce, move, store, and deploy their energy resources. America’s energy bounty includes vast natural resources, world-leading private firms, sophisticated development-financial tools, and peerless technical expertise. We will draw on all of these to grow sustainable and secure energy markets throughout the Indo-Pacific.
3. Third, is infrastructure. The United States is committed to connectivity that advances national sovereignty, regional integration, and trust. This occurs when infrastructure is physically secure, financially viable, and socially responsible.
So today the U.S. is launching an Infrastructure Transaction and Assistance Network to boost the development of infrastructure done right. This whole-of-government initiative, seeded with nearly $30 million dollars, establishes a new interagency body to coordinate, strengthen, and share U.S. tools for project scouting, financing, and technical assistance. It also establishes a new Indo-Pacific Transaction Advisory Fund to help partners access private legal and financial advisory services.
And leaders from the U.S. Overseas Private Investment Corporation (OPIC), the Japan Bank for International Cooperation (JBIC), and the Australian government announced a trilateral partnership to invest in infrastructure projects in the Indo-Pacific region that build infrastructure, address key development challenges, increase connectivity, and promote economic growth.
In each of these areas – digital economy, energy, and infrastructure – we look forward to working with allies and partners. We also look forward to leveraging the new and modernized tools and improved programming from the BUILD Act that recently passed the House and is now before the Senate. This is a big one. Under the House bill, the U.S. government’s development finance capacity would more than double to $60 billion dollars. Sen. Chris Coons said, “Even though the United States has the deepest, most complex, most robust capital markets in the world, we have a development finance entity that is one of the smallest, most constrained, and most outdated in the world. I think this bill is ready to move and I’m very hopeful it will.”
Two key points by Secretary Pompeo:
1. “Now, to be clear, the U.S. Government doesn’t tell American companies what to do. But we help build environments that foster good, productive capitalism. We help American firms succeed so that local communities can flourish, and bilateral partnerships can grow.
2. “Our Strategy seeks to catalyze American companies to do what they do best.”
- Secretary Perry emphasized the United States as a global energy leader positioned to help Indo-Pacific countries meet their needs for conventional and new, lower-emission energy. He reinforced U.S. commitment to strengthen energy security, infrastructure, energy access, and energy commerce through the Asia EDGE initiative.
- Secretary Perry affirmed potential of U.S. energy and energy-related exports to the Indo-Pacific – highlighting crude oil and natural gas as critical components of the energy strategy.
- Secretary Perry spoke of the importance of existing and new energy partnerships in the region to connect our respective private sectors, promote regional infrastructure, and open new energy markets.
- Secretary Perry noted U.S. commitment to strengthening nuclear energy cooperation in region and commercial opportunities in decommissioning and small modular reactors.
• Presentation by Mr. Akita, Nihon Keizai (1) Maritime Security, Freedom of Navigation; (2) Infrastructure Connectivity
• Presentation by Dr. Nagao, Visiting Fellow, Hudson Institute Security Aspects of Japan-India Infrastructure Projects
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Mr. John Goyer
John Goyer joined the U.S. Chamber of Commerce in January 2012 as Executive Director. Goyer concentrates on developing and implementing the Chamber’s ASEAN regional projects, as well as its bilateral programs with individual countries in the region. In addition, he is responsible for developing the Chamber’s Australia Working Group, its Myanmar outreach, and other initiatives.
Before joining the Chamber, Goyer served as vice president of the Coalition of Service Industries (CSI), a U.S.-based membership association that promotes the liberalization of international trade and investment in services. He worked with the coalition’s member companies and with U.S. trade negotiators to ensure that U.S. service industry international trade objectives were reflected in bilateral, regional, and multilateral trade agreements. He coordinated the Global Services Network, managed CSI’s annual Global Services summits, and was a member of the U.S. Government Industry Trade Advisory Committee (ITAC), advising the U.S. government on information technology, electronic commerce, and telecommunications issues in U.S. trade agreements.
Earlier in his career, Goyer was senior director of the US-ASEAN Business Council, where he monitored and reported on major trade policy and political developments and trends impacting commercial interests in Southeast Asia, with a particular focus on ASEAN economic integration. He has organized numerous trade and investment promotion missions to Southeast Asia and other events highlighting opportunities in the region.
Goyer holds a master’s degree at the Johns Hopkins University School of Advanced International Studies. He has lived and studied in Thailand and Japan. He and his wife, Laura, have three children.
Mr. Robert Schiffer
Robert L. Schiffer has distinguished credentials that range from Wall Street to appointments under two White House Administrations and a New York Governor. He is renowned for his broad experience in financial markets, diplomacy, crisis management, negotiations, and trade policy.
Bob has served since 2015 as an advisor to the Fulbright University Vietnam the first non-profit University in Vietnam. Fulbright University Vietnam (FUV) is a private nonprofit university in Saigon Hi-Tech Park in Ho Chi Minh City, Vietnam. It is Vietnam’s first private, nonprofit institution of higher education. Since 2014, the university’s development has been coordinated by the Cambridge-headquartered Trust for University Innovation and the U.S. Department of State, initial federal funding of close to $40 million and private donations expected to reach above $100 million. It is founded on the principles of accountability, meritocracy, transparency, self-governance, mutual respect, and open inquiry. President Obama and Secretary of State Kerry launched the FUV in the President’s trip to Vietnam in May, 2016.
Mr. Schiffer since January, 2016 also serves as an Investment and Policy Advisor of Mekong Brahmaputra Clean Development Fund II, a private equity fund with diverse mandate on renewable energy, clean water, solid waste and energy efficiency. Its first clean development fund has made six investments in renewable energy that includes solar and hydro, clean water, solid waste, and energy efficiency in six countries in South and Southeast Asia. Dragon Capital Group is an integrated investment company based in Vietnam. Dragon Capital Group and its affiliates manage some US$1.6bn in assets spanning public equity, private equity, fixed income and property.
Mr. Schiffer was a Managing Director of Mekong Renewable Resources Fund of Indochina Capital from 2012-2016. He is also a former CEO and Executive Director of the US Vietnam Trade Council, in which he initiated a climate change program in Vietnam beginning in 2008 and has partnered with the Environmental Defense Fund, the GE Foundation Business for Social Responsibility, the Ford Foundation, in support of the US Vietnam Trade Council Climate Change Program.
Mr. Schiffer is also noted as one of Washington’s leading experts on Vietnam commercial and political issues. His long involvement in Vietnam included an appointment from 1998 to 2001 as Senior Advisor to the US Ambassador to Vietnam, Pete Peterson. As the Ambassador’s top political envoy on business matters, he developed new strategies to promote US-Vietnam business and finance, labor standards, and international trade. He is credited for his pivotal role in the successful negotiations of the US-Vietnam Bilateral Trade Agreement and the OPIC-Vietnam Bilateral Investment Agreement.
Before his service in Vietnam, Mr. Schiffer was Vice President for Investment Development at the Overseas Private Investment Corporation (OPIC). During his tenure, he managed the agency’s product development, business and market development, and public affairs strategies. He led efforts to open business investment in Eastern and Central Europe, South Korea and Vietnam and was a key strategist with Congress, business and the labor community on OPIC’s congressional reauthorization. Mr. Schiffer also helped in developing new initiatives to expand lending to small businesses.
During late 1970’s (1975-1981) Mr. Schiffer held high positions in the Administration of New York State Governor Hugh Carey. He served as the Deputy Budget Director where he was the Governor’s manager in the development of the first capital program for public transportation, water and the State’s reentry in housing and hospital financing. Mr. Schiffer also served as Deputy Secretary for Health and Human Services and as First Deputy Director of Personnel and Appointments.
Mr. Schiffer received his BA at the University of Tennessee and attended the Harvard University Kennedy School of Government Program for Senior Managers in Government. He presently resides in Chevy Chase, Maryland and Ho Chi Minh City, Vietnam with his wife MaryAnn Holohean and their daughter Anna.
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