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UK approves increased submarine-related exports to Taiwan, risking angering China

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


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