The trilateral arrangement will harmonize the ground rules for companies in all three nations, facilitating export control exemptions and enabling easier collaboration on defense technology.
Australian officials noted that new licenses will not be needed for more than 70% of defense exports from the U.S. to Australia, significantly streamlining the process.
The agreement reflects an urgent need to modernize export control frameworks amid increased technological advances from China and the U.S.'s production demands in a challenging global landscape.
The deal supports the production of both military and dual-use technologies, like sensors and propulsion systems, effectively accelerating military readiness among the partners.
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