"Our Indo-Pacific vision excludes no nation", Pompeo said in his address to the first Indo-Pacific Business Forum organised by the US Chambers of Commerce.
Four of the world's six largest economies are there as well: China, Japan, India and the US.
The new US initiatives and funding would be focused on digital economy, energy and infrastructure, Hook said, without giving any figures on investment amounts.
"We thus have never and will never seek domination in the Indo-Pacific, and we will oppose any country that does".
Earlier in the day, Pompeo launched the economic and commercial pillars of the Trump administration's Indo-Pacific strategy.
"The genius of the American scientist Norman Borlaug - working with foreign partners such as (Father of India's Green revolution) M S Swaminathan and the governments of Mexico and the Philippines - saved millions of lives and empowered billions more, by providing a foundation of food security from which economic miracles could grow", he added. We want it to be free, we want it to be open. "We will help them keep their people free from coercion or great power domination".
Under this the U.S. will support communications infrastructure development through technical assistance and public-private partnerships; promote market-driven digital regulatory policies; and build partners' cybersecurity capacity to address common threats, he said.
According to Jonathan Swan of Axios, who received a briefing on the speech on Sunday, the Trump administration is seeking to convince US partners in the "Indo-Pacific" region that a bolstered trade relationship with the United States is the best long term play for their interests. We will help them.
Through the Digital Connectivity and Cybersecurity Partnership, the USA will improve partner countries' digital connectivity and expand opportunities for U.S. technology exports.
Further Asia EDGE or Enhancing Development and Growth through Energy will strengthen energy security and promote energy access across the Indo-Pacific.
Third is infrastructure. The US is committed to connectivity that advances national sovereignty, regional integration, and trust.
The U.S., Japan and Australia agreed to invest in infrastructure projects in the Indo-Pacific in a move that will be seen as a counter to China's rising influence in a region that stretches from the east coast of Africa, through Australia to Hawaii in the Pacific Ocean.
Pompeo is likely to make announcements about the pact's funding arrangements during his visit to Asia, which will include Malaysia, Singapore and Indonesia, according to Stephen Kirchner, director of trade and investment programme at the US Studies Centre at the University of Sydney.
"The US government's Indo-Pacific initiatives will be shaped by these values and buttressed by partnerships with American companies".
Economically, "open" means fair and reciprocal trade, open investment environments, transparent agreements between nations, and improved connectivity to drive regional ties - because these are the paths for sustainable growth in the region.