"One of the most notable achievements Healey announced was the reform of defence export controls among AUKUS nations. On 16 August 2024, the UK government introduced the AUKUS Nations Open General Licence, a significant regulatory change aimed at streamlining defence trade among the three partners."
"Progress has also been made on Australia’s acquisition of nuclear-powered submarines, a key component of the AUKUS agreement. On 5 August 2024, the three nations signed a Trilateral Agreement on Cooperation Related to Naval Nuclear Propulsion, facilitating the exchange of nuclear propulsion technology and enabling the future transfer of materials and equipment to Australia."
"Healey concluded his statement by reaffirming the government’s commitment to the partnership: “AUKUS is the most significant defence, security, and diplomatic arrangement the UK has entered in the past 60 years… this Government is fully committed to this national endeavour: working with partners, stakeholders and industry to achieve the maximum economic and security benefits possible, while upholding stability, peace, and prosperity in the Indo-Pacific region and beyond.”"
NOT advice. DYOR.
AL3 Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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