Trade ministers from Japan, India and Australia agreed on Tuesday to work towards supply chain resilience in the Indo-Pacific region, following reports the three nations seek to work together to counter China’s trade dominance. .
The ministers instructed their officials to quickly define the details of an initiative to strengthen supply chains that will be launched later this year, according to a joint statement.
Hiroshi Kajiyama of Japan, Piyush Goyal of India and Simon Birmingham of Australia attended the video conference Tuesday afternoon, according to the statement. They also called on other countries in the region with shared points of view to participate in the initiative.
The three nations are seeking to build stronger supply chains to counter China’s dominance as trade and geopolitical tensions rise in the region, Bloomberg reported in August, citing people in Tokyo and New Delhi with knowledge of the matter.
Together with the US, Japan, Australia and India they are members of the Quadrilateral Security Dialogue, or Quad, a flexible grouping for national security inquiries. A senior US diplomat said Monday that the United States would like to begin formalizing that grouping as the basis for a broader security alliance in the region.
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