BR100 Increased By (0.99%)
BR30 Increased By (1.17%)
KSE100 Increased By (0.81%)
KSE30 Increased By (0.77%)
BECO 5.68 Increased By ▲ 0.09 (1.61%)
BML 64.84 Increased By ▲ 3.81 (6.24%)
BOP 33.60 Increased By ▲ 0.35 (1.05%)
CNERGY 8.24 Increased By ▲ 0.19 (2.36%)
DCL 11.35 Increased By ▲ 0.05 (0.44%)
FCCL 52.91 Decreased By ▼ -0.02 (-0.04%)
FCSC 5.52 Increased By ▲ 0.18 (3.37%)
FFL 17.80 Increased By ▲ 0.19 (1.08%)
FNEL 1.30 Decreased By ▼ -0.01 (-0.76%)
HUMNL 11.24 Increased By ▲ 0.12 (1.08%)
KEL 7.97 Increased By ▲ 0.08 (1.01%)
KOSM 5.44 Increased By ▲ 0.11 (2.06%)
MLCF 86.01 Increased By ▲ 0.66 (0.77%)
NBP 185.00 Increased By ▲ 3.71 (2.05%)
PACE 12.02 Increased By ▲ 0.49 (4.25%)
PAEL 40.21 Increased By ▲ 0.80 (2.03%)
PIAHCLA 25.73 Increased By ▲ 0.10 (0.39%)
PIBTL 17.32 Increased By ▲ 0.17 (0.99%)
PPL 225.30 Increased By ▲ 0.48 (0.21%)
PRL 34.38 Increased By ▲ 0.20 (0.59%)
PTC 65.46 Increased By ▲ 0.38 (0.58%)
SEARL 90.51 Increased By ▲ 0.91 (1.02%)
SSGC 26.76 Increased By ▲ 0.45 (1.71%)
TELE 8.96 Increased By ▲ 0.58 (6.92%)
THCCL 69.44 Increased By ▲ 0.10 (0.14%)
TPLP 11.31 Increased By ▲ 1.03 (10.02%)
TREET 24.55 Increased By ▲ 0.35 (1.45%)
TRG 71.67 Increased By ▲ 2.13 (3.06%)
WAVES 11.45 Increased By ▲ 0.42 (3.81%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)

Japanese Prime Minister Shinzo Abe met his Australian counterpart Malcolm Turnbull in Sydney on Saturday where the pair agreed to deepen defence ties through joint military training and exercises.
Abe's visit to Australia is the first since Turnbull became prime minister in late 2015, and comes amid heightened regional tension as China asserts its claims over disputed territory in the South China Sea.
"We have confirmed our commitment to the rule of law, free trade and open markets in our region," Turnbull told reporters at a joint press conference on Saturday.
Abe said the increasingly uncertain geopolitical landscape made the relationship between Japan and Australia more important than ever.
"It is important to guard and increase the robustness of the free, open and rules-based international order," Abe said.
The two leaders announced the signing of an Acquisition and Cross-Servicing Agreement (ACSA), which will increase cooperation in combined exercises, training and peace-keeping operations. The agreement is expected to be finalised by the end of 2017.
The announcement comes nearly nine months after Australia chose a French bid over a Japanese design for a new fleet of submarines.
The loss of the $40 billion contract was a major blow for Abe's ambitions to develop Japan's defence export capabilities as part of a more muscular security agenda.
Japan, as well as Australia, is looking to protect its strategic and trade interests in Asia-Pacific, especially as China becomes increasingly assertive in the South China Sea.
Both leaders also reaffirmed the importance of their respective security alliances with the United States on Saturday.
China's recent naval exercises in the South China Sea and the building of islands there, with military assets, has unnerved its neighbours and risks a fallout with the United States.
US president-elect Donald Trump's nominee for secretary of state, Rex Tillerson, has said China should be denied access to islands it has built in the South China Sea.
China claims most of the resource-rich South China Sea through which about $5 trillion in ship-borne trade passes every year. Neighbours Brunei, Malaysia, the Philippines, Taiwan and Vietnam also have claims.

Comments

Comments are closed for this article.