Japan, India and Australia launch trade initiative to counter China
Image Credit: Bloomberg Quint
In a bid to counter the dominance of China, India, Japan and Australia have joined hands to launch the Supply Chain Resilience Initiative. Japan's Hiroshi Kajiyama, India's Piyush Goyal and Australia's Dan Tehan engaged in a video conference and committed to holding investment promotion events in an attempt to diversify the supply chains and decrease the dependence on China. China is yet to speak on the matter.