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Indonesia and Malaysia Explore ASEAN-Egypt Free Trade Agreement asiatoday.id - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiatoday.id Daily Mail and Mail on Sunday newspapers.
There Is No Indo-Pacific Without Egypt and the Suez Canal As a major strategic chokepoint for this trade and maritime security, Suez is fundamental to the West’s commitment to a “free, open, secure and prosperous Indo-Pacific.” The world is slowly emerging from the Suez Canal saga, where the Ever Given vessel was stuck in the narrow southern lane of the Canal for six days, disrupting global trade in a time of critical economic recovery. The Suez Canal, similar to the Straits of Malacca, is a choke point that handles 12 percent of global trade, 10 percent of world oil, and 8 percent of the global liquified natural gas (LNG) flows. The stranded Ever Given vessel held up trade valued at $9.6 billion along the canal each day. The incident sent shock waves across the map, sparking enormous discussions about supply chain resiliency and giving strategists a preview of what could happen if conflict in Asia escalates and Malacca is shut down. The West should take notice. Und ....
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