Finance Knuggets
Sep 03, 2024
I heard that Australia and Indonesia have signed a new defense agreement, aiming to elevate ties between the two countries and facilitate interoperability and access. This comes amid a push for engagement by Indonesian Defense Minister Prabowo Subianto and follows a flurry of diplomatic activity, including participation in regional defense exercises. The agreement is seen as significant in the context of wider regional dynamics, although there may be some skepticism due to previous downturns in ties.
There are ongoing efforts to elevate ties between the two countries, with Australia being among the earliest to engage Prabowo following his election victory. This is seen as an important development as Prabowo begins to develop Indonesia’s ties with key countries. The agreement highlights how both sides are trying to make inroads in their relationship, and future areas to watch include priority cooperation items and key domains in India-Malaysia ties amid this new defense cooperation. Overall, the agreement is seen as a significant development in the geopolitical landscape of the region.
In addition to this, there are also discussions about the evolving geopolitical, geoeconomic, and security trends, including new critical minerals data points, AI chip deserts, and shifting Taiwan alert levels. There is also a focus on industry developments and quantitative indicators, such as subsea cable geopolitics and new infra fund. Overall, the news seems to highlight the complex and dynamic geopolitical landscape in the Asia-Pacific region.
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