Southeast Asia & Pacific

Southeast Asia & Pacific

A latest report from a bunch of consultants, charged by NATO Secretary General Jens Stoltenberg with figuring out methods to strengthen the Alliance for the longer term, might result in a change on this status quo. OUR EMPHASIS ON the financial work of APEC is in keeping with our broader dedication to raise financial statecraft as a pillar of American foreign coverage. Increasingly, financial progress is decided by sturdy diplomatic ties, and diplomatic progress is determined by robust financial ties.

Asian Pacific Shares

This punishment has included a freeze in diplomatic relations – Australian ministers have been unable to contact their Chinese counterparts for around two years – and trade sanctions, successfully banning the import to China of several important Australian exports. These actions have predictably sharpened Australian risk perceptions at each the official and public stage. A 2021 polling by the Lowy Institute confirmed nearly all of Australians now see China more as a safety threat than as an financial associate. Over the previous 5 years, there was a shift to “mainstream” relationships in Europe, especially with France, Germany, the United Kingdom, and the EU, within Canberra’s general Indo-Pacific-centric overseas coverage agenda. This shift is seen in official statements and discussions between Australia and these partners.

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