Geopolitics and international business are inextricably joined in the same way as rice and water are in sake. Which is why the recent developments regarding the QUAD are so important. The QUAD refer無料 カジノ ゲームo the Quadrilateral Security Dialogue between Japan, Australia, the USA and India. On March 12, 2021 the first leaders summit was held (virtually) between President Biden and Prime Ministers Suga, Morrison and Modi, signaling that the QUAD is well and truly established.

無料 カジノ ゲームdea of the QUAD was initiated by Shinzo Abe in 2007, when he was Prime Minister for the first time. Abe was prescient but 無料 カジノ ゲームdea was ahead of its time and remained on the back burner until recently and the strong initiative and active support of Japan and Australia has resulted in the formal establishment of the QUAD.

The combination of several factors has led to this result: recent heightened tensions between the QUAD members and China; the urgent need for establishing new supply chains for important medical and pharmaceutical goods due to the COVID pandemic; and the capacity of these four democracies to respond in a coordinated fashion to the challenges and opportunities in 無料 カジノ ゲームndo-Pacific region.

The first important decision the group made wa無料 カジノ ゲームhe production of COVID vaccines and their distribution to the South East Asian and Pacific Island countries. The coordination of production, finance and logistics for the effective and life saving delivery of the vaccines will provide tremendous support for the economic recovery of our region through trade and investment.

One of the other important aspects in the Joint Statement wa無料 カジノ ゲームhe affirmation of the free and open Indo-Pacific region operating in a rules based order and with ASEAN at its centre. The QUAD has placed security a無料 カジノ ゲームhe foundation of economic recovery and growth.

The connections between security and business opportunities are also made explicit in the group’s focus on climate policies and technologies, cyberspace and quality infrastructure investment. These are all sectors in which Australian and Japanese businesses collaborate closely. In addition, 無料 カジノ ゲームndo-Pacific, with the key inclusion of India and ASEAN, provides Australia and Japan with their greatest potential future opportinities.

Australia and Japan have thus continued to play pivotal roles in the establishment of critically important institutions: APEC, East Asia Forum, G20, CPTTP, RCEP and now the QUAD. Australia and Japan are the only major economie無料 カジノ ゲームhat are members of all those groups. Their bilateral relationship is uniquely valuable and their joint fortunes are closely interdependent.

Just to look at trade from the Australian side, Australia’無料 カジノ ゲームotal trade with the US, Japan, India is worth 6 billion and if we add ASEAN the total reaches more than 0 billion. The potential for economic growth and trade with India and ASEAN has now been raised to new heights by this new and important multilateral institution, the QUAD.

Author: Manuel Panagiotopoulos

Managing Director, Australian and Japanese Economic Intelligence