US and Japan plan major security agreement upgrade, record money flowing into US corporate bonds, India's trade talks 'quid pro quo' strategy
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US and Japan enhancing security alliance against China threat through military restructuring.
India employing quid pro quo strategy in trade deals to modernize industries and boost competitiveness.
Deep dives
US and Japan Strengthening Security Alliance Against China Threat
The US and Japan are enhancing their security alliance to counter the growing threat from China. This upgrade involves restructuring the US military command in Japan to facilitate better cooperation. President Joe Biden and Prime Minister Fumio Kishita are set to announce the plan at the White House next month, reflecting a significant step in bolstering defense collaboration between the two countries.
India's Trade Strategy with European Countries
India's trade deal with the European Free Trade Association signifies its strategic approach to international trade, demanding reciprocal benefits for access to its market. The agreement entails commitments by the EFTA countries to invest up to $100 billion and generate 1 million jobs over 15 years. This bilateral agreement showcases India's leveraging of its economic status to negotiate favorable terms, demonstrating a shift towards a quid pro quo trade strategy to modernize its industries and enhance competitiveness.
US and Japan’s security alliance gets a makeover, a record amount of money has flooded into US corporate bond markets this year, and India is using a ‘quid pro quo’ strategy for trade talks.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.