India, Australia, Japan Work Together In Trade Move To Counter China

Japan's Hiroshi Kajiyama, India's Piyush Goyal and Australia's Dan Tehan agreed in a video conference Tuesday to instruct their officials to share best practices on supply chain resilience.

Japan, India and Australia's trade ministers have met to officially launch the Supply Chain Resilience Initiative, following reports that the three nations are working together to counter China's dominance on trade in the Indo-Pacific. Japan's Hiroshi Kajiyama, India's Piyush Goyal and Australia's Dan Tehan agreed in a video conference Tuesday to instruct their officials to share best practices on supply chain resilience, Australia's Department of Foreign Affairs and Trade said in a statement. They also committed to holding investment promotion events to explore the possibility of diversification of their supply chains. The three nations are seeking to build stronger supply chains to counter China's dominance as trade and geopolitical tensions escalate across the region, Bloomberg reported in August, citing people in Tokyo and New Delhi with knowledge of the matter. While China wasn't specifically addressed in Tuesday's statement, the ministers said that "some supply chains have been left vulnerable due to a range of factors," while "the pandemic had revealed supply-chain vulnerabilities globally and in the region."