Indo-Pacific should create 'common defense market,' Hudson analyst says

WASHINGTON -- The U.S. and its allies in the Indo-Pacific are moving toward establishing a de facto "common market" for the defense industry, setting the same industrial standards and reinforcing each other's defense industrial base, an analyst at the conservative think tank Hudson Institute told Nikkei Asia.

The recent loosening of export controls among AUKUS partners -- the U.S., U.K. and Australia -- for building nuclear-powered submarines has created an opening for more region-wide defense-industry collaboration among allies, economist and defense analyst William Schneider said.