PROSPER in the Pacific Act: Trade Preferences as U.S. Economic Statecraft in the Blue Pacific
The source argues that Pacific Island economies face acute vulnerability to global energy shocks due to heavy reliance on imported refined fuel linked to Strait of Hormuz transit risks. It presents the PROSPER in the Pacific Act as a low-cost U.S. trade preference tool to strengthen Pacific resilience, deepen partnerships, and compete more effectively amid expanding external economic engagement.