Indian media: Japan, India and Australia prepare “supply chain alliance” plan to counter China

According to the economic times of India on August 19, India, Japan and Australia have begun discussions on launching a trilateral “supply chain flexibility initiative”. Novel coronavirus pneumonia is facing global economic impact, and a plan to form a “India Japan Australia supply chain” is in the process of getting rid of dependence on China’s supply chain and countering China. According to the report, this agreement was first proposed by Japan and has taken shape. India, Japan and Australia are expected to hold their first formal meeting next week. According to people familiar with the matter, Japan has recently contacted India through the Ministry of economy, industry and industry and is pressing for initiatives. Japan clearly supports the launch of the plan before November this year. According to the source, the Indian government is considering the proposal very carefully, especially in view of the Sino Indian border conflict. Normally, the Indian government will carefully consider any such proposal, as it would be seen as a “coalition against China.”. This time, the Indian government seems to have adopted the call to become part of the global supply chain and replace China, the report said. Indian Prime Minister modi also mentioned in a recent speech that enterprises have begun to see India as a potential global “supply chain center”. The source also pointed out that after India, Japan and Australia reached a memorandum of understanding on this matter, the “supply chain flexibility initiative” will be opened to ASEAN with 10 member states. < p > < p > in addition, according to the news agency of Bloomberg, India will soon decide whether to join. A foreign ministry spokesman said the country was working with a number of partners to ensure that the supply chain remained open and flexible during the outbreak, but the spokesman did not confirm whether the country was in the process of reaching an agreement with Japan and India. According to the report, the implementation of Japan’s supply chain cooperation initiative may be based on the existing bilateral supply chain network. For example, a “India Japan Industrial Competitiveness partnership” has been established between India and Japan. Second, it is a “two-way initiative” to attract foreign investment, and at the same time, it has become a strong driving force for Japan to establish a regional supply chain. The source pointed out that the ultimate goal of this initiative is to enhance the supply chain flexibility of the whole India Pacific region and establish a stable economic circle in line with the “security logic”. < / P > < p > China is the main or largest trade partner of India, Australia and Japan. Hong Kong’s “South China Morning Post” commented that the three countries’ dependence on China’s supply chain has become more prominent during the global new epidemic. However, since the border conflict between China and India, there has been a surge of nationalist sentiment in India and calls for boycott of made in China. The Indian government has also been making small moves against China in the economic and trade field, banning 59 Chinese mobile phone applications and restricting the import of power equipment and components from China, in order to reduce its dependence on China. Recently, Australia has been targeting China on trade, Hong Kong and the new epidemic. In May this year, according to the results of the trade remedy investigation, China ruled in accordance with the law to impose anti-dumping and countervailing duties on Australian barley imports. In this regard, Australia is deeply worried about this. British media recently reported that Australia wanted to “overturn the case” and asked China to review the “double anti” tariff on Australian barley. However, Japan has been trying to join the “five eyes alliance” led by the United States. Japanese Defense Minister Taro Kono recently even said that Japan is almost “the sixth eye.”. At the same time, he also did not forget to exaggerate the so-called “” wantonly.