The US needs to invest money in trade and foreign aid in the region, as well as defence, the foreign minister will say in a major speech.
The United States must lift its game and step up its economic engagement with the Asia-Pacific if it wants to compete with China, Foreign Minister Penny Wong will tell Australia’s closest ally in a speech in Washington.
“The region sees development, connectivity, digital trade and the energy transition as vital domains in which consistent US leadership and influence would be welcome.”Australia and the US, according to Wong, need to demonstrate to countries in the region that “we want to do business and create wealth with them”.
Wong will say the US decision not to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership - a sweeping trade pact involving 11 nations - was still being felt in the region years later. US Secretary of State Antony Blinken with Secretary of Defence Lloyd Austin, Australian Foreign Minister Penny Wong and Australian Deputy Prime Minister and Minister for Defence Richard Marles.The US will also increase rotations of troops and military equipment in Australia to strengthen the alliance, US Defence Secretary Lloyd Austin announced.
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