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While the Asia-Pacific region continues to inch towards conflicts on multiple regional fronts, risking broader regional instability, there is a structural shift taking place in the arms race dynamics of the region with the increasing proliferation of missiles and associated technology. This shift is significant for two reasons. Firstly, several countries are seeking to acquire new missile systems with more advanced capabilities. Secondly, many of these countries are not satisfied with merely importing missile technology; they are actively working to bolster their domestic military-industrial capabilities for national security reasons and are also aspiring to become exporters in their own right.

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