Lithuania’s strategy to the area is centred on the goals of financial diversification and entry to new markets. This is, in part, conditioned by the broader geopolitical competition with Beijing, however financial interests predominate. If the Italian view is that the Indo-Pacific in its geographic sense is a area of alternative for Europe, the adoption of a unified strategy on the area would signify for Italy an assertion of European strategic autonomy.
Australia And Pacific
The UK additionally convened an ASEAN-G7 overseas ministers assembly in late 2021, a transfer it mentioned reflected the UK’s curiosity in working extra with ASEAN. The decision will allow the United States to resume selected areas of army assistance for Indonesia. It continues the process of military reengagement with Indonesia that included the Secretary’s choice to resume International Military Education and Training in February, and her choice to renew non-lethal Foreign Military Sales in May. 6.sixty eight RAND additionally supplied some insight into the Indian perspective of the impact of the emergence of Chinese financial energy. The delegation was briefed that Indian officers believed China’s financial success has been a supply of great confidence and motivation for India. India, with its highly educated work-force, regards itself as better positioned to compete within the global market place than most sectors of the Chinese economy.
A renewed discussion about deglobalisation is taking place, and has gained traction because the outbreak of covid-19. In general the talk revolves round the want to rethink world value and supply chains, and the want to find extra proximate suppliers and reduce the risks of world interdependence. There can be some speak about the need for Europe to reindustrialise and to transition to a more digital economic system. Similarly, Portugal has experienced a new wave of dialog about diversification and reshoring, pushed by the argument that the country may profit from a reorganisation of global value chains.