President Trump and his top Cabinet members are all set to host the first Indo-Pacific Business Forum meeting on Monday to address the substantial infrastructural and energy needs of the Indo-Pacific region.
The Forum will introduce commercial and economic element of the US government’s Indo-Pacific strategy and senior administration officials and officials representing Indo-Pacific nations will be participating. Navtej Singh Sarna, Indian Ambassador to the US will also be speaking during the event.
Since, Asian economies are now projected to create 50 per cent of global GDP in coming decades, the forum is a US initiative to advance economic engagement in the region.
India is one of the anchor countries for greater connectivity and trade in the entire scheme of things, seeing how it has emerged as a much more consequential actor in South east Asia. In many areas including digital economy, India is a leader and has a lot to contribute and will support greater collaboration in the region.
The forum will also reportedly deal with issues like the importance of public-private partnerships, benefits of transparency and good governance, and unlocking the power of markets for sustainable development.