Репост из: Join > @Edu_Globe2
📌 India, Japan, Australia may sign supply chain pact to counter China: Reports
📍 India, Japan and Australia have reportedly begun talks to build a trilateral '#Supply_Chain_Resilience_Initiative' (SCRI) to reduce dependence on China.
📍 The initiative is expected to be discussed further during the India-Japan summit next month.
📍 Notably, the three countries, along with the US, are members of the Quadrilateral Security Dialogue or Quad.
Factory Diversification
📍 Japan is trying to pare its reliance on Chinese factories, with the government subsidizing some companies to shift or expand operations in Japan and Southeast Asia.
📍 So far 87 firms are participating in the program, which will pay out 243.5 billion yen ($2.3 billion).
📍 Both India’s and Australia’s trade and diplomatic relations with China are fraying.
📍 Prime Minister Narendra Modi’s government restricted some Chinese imports and banned several Chinese apps after a deadly border clash with its neighbor.
●▬▬๑۩۩๑ @Edu_Globe ๑۩۩๑▬▬●
📍 India, Japan and Australia have reportedly begun talks to build a trilateral '#Supply_Chain_Resilience_Initiative' (SCRI) to reduce dependence on China.
📍 The initiative is expected to be discussed further during the India-Japan summit next month.
📍 Notably, the three countries, along with the US, are members of the Quadrilateral Security Dialogue or Quad.
Factory Diversification
📍 Japan is trying to pare its reliance on Chinese factories, with the government subsidizing some companies to shift or expand operations in Japan and Southeast Asia.
📍 So far 87 firms are participating in the program, which will pay out 243.5 billion yen ($2.3 billion).
📍 Both India’s and Australia’s trade and diplomatic relations with China are fraying.
📍 Prime Minister Narendra Modi’s government restricted some Chinese imports and banned several Chinese apps after a deadly border clash with its neighbor.
●▬▬๑۩۩๑ @Edu_Globe ๑۩۩๑▬▬●