Counter to China's OBOR? India, US, Japan, Australia mull joint infra plan

Senior foreign affairs officials from the four nations met in November to discuss shared vision for increased prosperity in Indo-Pacific region

joint venture
Jason Scott | Bloomberg
2 min read Last Updated : Feb 19 2018 | 7:57 AM IST
Senior officials from the US, Japan, India and Australia are discussing establishing a joint infrastructure plan, Foreign Minister Julie Bishop said, amid reports it could act as a counterweight to China’s Belt and Road Initiative.

The officials have discussed “a range of opportunities and challenges,” Bishop said in a Sky News interview on Monday. “There is an enormous need for infrastructure, particularly in our region.”

While not identifying President Xi Jinping’s plan to build or upgrade a network of highways, railways, ports and pipelines, Bishop said that any new “infrastructure initiative need not be at the expense of any other initiative.”

Prime Minister Malcolm Turnbull is expected to discuss the idea when he visits Washington this week for talks with President Donald Trump, the Australian Financial Review reported on Monday, citing a senior US official it didn’t identify. The plan was nascent and no announcement was imminent, the newspaper cited the official as saying.

Senior foreign affairs officials from the four nations met in November “to discuss a shared vision for increased prosperity and security in the Indo-Pacific region and to work together to ensure it remains free and open,” according to Australia’s Department of Foreign Affairs and Trade.

Bloomberg

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :India

Next Story