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Politico-AUKUS Participants Push Expansion Ahead Of Elections
Politico is reporting that according to a senior diplomat, the gov'ts of the US, UK, and Australia are pushing to deepen and widen the AUKUS defence partnership as soon as possible in the face of elections in each country. Politico reports a 'senior diplomat involved in talks' saying that Canada and Japan could join the 'Pillar II' section of AUKUS by late-2024/early-2025. This section concerns the agreement of deals to develop advanced military technology.
- The report claims concerns among all three current participants that the re-election of Donald Trump as US President in particular could derail the organisation.
- While Trump's stance has been portrayed as isolationist, his frequent barbs aimed at NATO have largely come at the expense of those countries deemed "delinquent" in not spending enough on defence.
- Given that the UK spends more than the 2% NATO target on defence, and Australia is seeking to purchase US submarines, Trump may be more inclined to maintain the grouping. This is especially the case given that AUKUS is intended to counter growing Chinese influence in the Indo-Pacific, as opposed to the Russian-focused NATO.
- In Australia, should the next election lead to a change in gov't it could result in some frictions. Leader of the Opposition Peter Dutton has warnedagainst using UK-built subs in the 'Pillar I' of AUKUS, earning a backlash from the gov't and the UK's High Commissioner.
- In the UK, the opposition centre-left Labour party (widely expected to win the next election) has promised its “absolute" support for AUKUS.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.