Arlington, VA – Today, the U.S. Trade and Development Agency announced a series of new commitments and initiatives at the Indo-Pacific Business Forum (IPBF) that will deepen economic ties between the United States and the Indo-Pacific region.
“For nearly 30 years, USTDA has been the partner of choice for the Indo-Pacific region’s infrastructure development, especially in the areas that are the focus of this year’s Indo-Pacific Business Forum, including climate resilience, energy, digital economy and healthcare infrastructure,” said Ambassador Vinai Thummalapally (ret.), USTDA’s Acting Director. “Hosting the Forum highlights our commitment to building lasting partnerships with this vital part of the world.”
During the IPBF, USTDA announced new funding commitments, including a feasibility study to develop four utility-scale solar generation plants with the Philippines’ Rural Electrification Finance Corporation and technical assistance to help Vietnam’s Ecotek Corporation transform its Ecopark Township into a cutting-edge smart and sustainable city.
In addition to these commitments, USTDA announced a call for aviation proposals to support new aviation infrastructure in Southeast Asia and the Pacific Islands. Interested U.S. firms as well as Southeast Asian and Pacific Island aviation stakeholders are encouraged to submit initial proposals for feasibility studies, technical assistance and pilot projects to develop airport, airspace, airline and other aviation infrastructure to USTDA by January 10, 2022.
The USTDA-sponsored IPBF is co-hosted by the U.S. and Indian governments, in collaboration with the Confederation of Indian Industry, the Federation of Indian Chambers of Commerce and Industry, U.S. Chamber of Commerce, U.S. India Business Council, U.S. India Strategic Partnership Forum, AMCHAM India, and the U.S.-ASEAN Business Council.