The US, UK, and Australia agreed to streamline defense trade, easing cooperation in weapons development and production under the AUKUS pact.

The US, UK, and Australia have agreed to streamline defense trade, removing export barriers and enabling easier cooperation in weapons development and production. This move follows the 2021 AUKUS pact to codevelop nuclear-powered submarines and other advanced technologies. The agreement will harmonize rules for companies in all three nations, remove many barriers to sharing defense technology, and maintain control over sensitive technologies. This initiative is seen as crucial in modernizing an outdated approach to technology, particularly in response to China's rapid advancements and the US's challenges in producing weapons demanded by a volatile global environment.

August 15, 2024
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