Southeast Asia Develops Own Defense Industry Amid China Tension
Ren Benavidez | | Aug 13, 2014 11:47 PM EDT |
(Photo : Wikimedia)
Southeast Asian nations are increasing its military budget amid the tensions in China to set up internal defense industry and lessen its reliance on U.S. and European weapon supplier.
Countries including Indonesia, Malaysia and Thailand are still patronizing top arm dealers like Airbus Group NV or Lockheed Martin Corp. However, they are now imploring their own defense industries to locally manufacture its own artillery.
Like Us on Facebook
Based on reports, the regional defense budgeted for 2016 is US$40 billion which is 10 percent higher than the 2013 budget which will allow southeastern countries to develop their own arms.
The 10 ASEAN countries have been planning to set-up its own military defense, but the entire plan which is considered as a long-term goal was expedited following China's claims in the South China Sea, according to security analysts.
In a statement, Asia Pacific defense industry analyst Jon Grevatt said China's activity magnified the issue of securing each country's territory.
Meanwhile, China is now claiming nearly nine-tenths of the South China Sea and planted a US$1 billion oil rig in the Vietnam seas which alarmed southeastern nations.
China reportedly increased its marine presence, driving Vietnam to buy over 32 coastguard ships worth US$543 million.
The majority of purchases for Southeast Asia's defense are largely intended for the procurement of jets or submarines from Western defense suppliers.
Southeast Asia's expenses for defense increased 5 percent to US$35.9 billion in 2013, according to reports of the Stockholm International Peace Research Institute (SIPRI).
The expenditure is expected to increase up to US$40 billion in 2016.
Tagssoutheast asia, Malaysia, Indonesia, Thailand
©2015 Chinatopix All rights reserved. Do not reproduce without permission
EDITOR'S PICKS
-
Did the Trump administration just announce plans for a trade war with ‘hostile’ China and Russia?
-
US Senate passes Taiwan travel bill slammed by China
-
As Yan Sihong’s family grieves, here are other Chinese students who went missing abroad. Some have never been found
-
Beijing blasts Western critics who ‘smear China’ with the term sharp power
-
China Envoy Seeks to Defuse Tensions With U.S. as a Trade War Brews
-
Singapore's Deputy PM Provides Bitcoin Vote of Confidence Amid China's Blanket Bans
-
China warns investors over risks in overseas virtual currency trading
-
Chinese government most trustworthy: survey
-
Kashima Antlers On Course For Back-To-Back Titles
MOST POPULAR
LATEST NEWS
Zhou Yongkang: China's Former Security Chief Sentenced to Life in Prison
China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article
TRENDING STORY
-
China Pork Prices Expected to Stabilize As The Supplies Recover
-
Elephone P9000 Smartphone is now on Sale on Amazon India
-
There's a Big Chance Cliffhangers Won't Still Be Resolved When Grey's Anatomy Season 13 Returns
-
Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement
-
Microsoft Surface Pro 5 Rumors and Release Date: What is the Latest?