13 March 2023, 3:12 pm 1 minute
| Reuters exclusively reported that Britain approved a sharp increase in exports of submarine parts and technology last year to Taiwan as it upgrades its naval forces, a move that could impact British ties with China. The value of licences granted by the British government to companies for the export of submarine-related components and technology to Taiwan totalled a record 167 million pounds ($201.29 million) during the first nine months of last year, according to UK government export licensing data. That is more than the previous six years combined, a Reuters analysis of the data showed. |
Market Impact
The increase in licenses granted reflects greater demand from Taiwan along with Britain’s increased willingness to support Taiwan.
Article Tags
Type: Reuters Best
Sectors: Aerospace & Defence
Regions: AsiaEurope
Countries: ChinaUK
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
