Assistant Secretary of State for Energy Resources Francis R. Fannon, who is now visiting Japan, on Feb. 25 called on China, which is promoting the “Belt and Road” silk road economic zone initiative in the Indo-Pacific region, to provide assistance to other countries in a transparent manner and in ways that meet international standards. Fannon was speaking with media outlets at the U.S. Embassy in Tokyo.
China has been widely criticized for laying “debt-traps” as it boosts its influence in Asia and Africa through massive loans. At the end of last year U.S. National Security Advisor to the President John Bolton condemned this practice as “predatory.”
Fannon said, “We’re urging China to discontinue unfair practices and to act in accord with fair conditions of competition while giving importance to market mechanisms.”
Fannon also underscored that Japan and the U.S. share the “same principle” of supporting a free, fair, and open Indo-Pacific region. He indicated the U.S.’s intention to cooperate with Japan through establishing a transparent market in the region to enable companies in both countries to obtain business opportunities.