AUKUS: Australia signs crucial Nuclear Submarine Alliance with US & UK

Follow us on Google News:
 AUKUS: Australia signs crucial Nuclear Submarine Alliance with US & UK
Image source: pexel

Highlights 

  • Australia signs a key deal in nuclear submarine alliance, AUKUS.

  • A trilateral security pact was announced in September this year between the three countries – the US, UK, and Australia.
  • The defence pact was signed to counter growing Chinese aggression in the Indo-pacific region and the growing tension between China and the US

After a historic defence pact which unveiled in September this year between the United States, UK, and Australia, Australia has formally boarded on the highly contested programme to provide its naval forces with nuclear submarines. 

On Monday, Australian Defence Minister Peter Dutton joined US and British dignitaries in signing an agreement agreeing to the exchange of sensitive "naval nuclear propulsion information" between the three countries.

The agreement is the first to be signed in public domain since the three countries announced the formation of the alliance.

The trilateral security pact, AUKUS has come into existence to confront strategic tensions in the Pacific, where rivalry between China and the US is increasingly growing.

The alliance between the three countries which has angered China is viewed as a more hard-edged military approach towards Beijing.

Read More: BrainChip (ASX:BRN) gains 20% on MegaChips deal

US President Joe Biden had earlier stated that the US will share secret nuclear technology to assist Australia in shifting to nuclear-powered boats.

The strategic partnership is likely to bolster Australia’s position in the Indo-Pacific to counter China aggression the Indo-Pacific region. China, which is Australia’s biggest trading partner, enjoyed close ties with Australia in the past. However, relationship between the duo got strained in recent years amidst rising political tensions. Besides, China is often criticised for adopting expansionary attitude in disputed territories like the South China Sea.

Read More: Nuix (ASX:NXL) faces class action for allegedly overblown IPO projection

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Featured Articles

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK