Economy – Trade

This 2017 Foreign Policy White Paper published by the Australian Government’s Department of Foreign Affairs and Trade analyses economic growth in the Indo-Pacific.

This essay by PSIA Student, Yuki Kurihara explores the significant growth in defense budgets and arms trades Southeast Asian countries have witnessed, largely influenced by China’s assertiveness in the South China Sea. While defense budgets and arms imports have increased across the region, variations exist in the security policies and procurement strategies of different nations. European arms suppliers, despite advocating peaceful resolutions, have played a significant role in enhancing Southeast Asian naval capabilities, raising concerns about the EU’s involvement in regional militarization. A comprehensive legal framework and strategic policies are needed for the EU to ensure responsible arms trade and maintain regional security.