Trade politics get very messy
Trade politics get very messy
Geopolitics in Asia Pacific have become increasingly complex and drawn growing interest from outsiders since the US, the UK and Australia announced a new alliance known as AUKUS to enable Australia to build nuclear-powered submarines.
The partnership, formed this month in response to China's expansionist drive in the South China Sea and increasing belligerence toward Taiwan, prompted Canberra to scrap a US$90-billion deal for 12 new diesel-electric submarines from France.
An infuriated France withdrew its ambassadors from Washington and Canberra but the storm blew over after President Emmanuel Macron spoke on the phone with his US counterpart Joe Biden last Wednesday. Washington has also ruled out the possibility of Japan and India joining AUKUS.
India, fo...