Strengthening US and Partner Economic Security in the Indo-Pacific Region
This act aims to strengthen economic cooperation between the United States, Australia, India, and Japan. It seeks to secure critical supply chains, protect vital infrastructure, and jointly respond to economic crises, which could lead to stable prices and product availability for citizens.
Key points
Establishment of an Economic Security Working Group within the Quad partnership to better protect critical supply chains and infrastructure.
Conducting joint simulation exercises to prepare for supply disruptions and economic coercion, enhancing economic resilience.
Setting up a rapid response mechanism for economic crises, which can help maintain market stability and goods availability.
Cooperation with regional partners to bolster their economic security, for example, by supporting the security of port infrastructure and undersea cables.
Introduced
Citizen Poll