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taiwan in recent years, increased military drills in the seas around the island, and working to cut off its official ties with countries around the world. discussions between washington and taipei began in august of last year. this current agreement covers issues like customs with regard to trade, anti corruption measures, and investment opportunities for a small and medium sized enterprises. let s stay on the topic of tensions between the us and china asia s biggest annual security summit gets under way later in singapore. defence leaders from more than a0 countries will meet at the shangri la hotel. as tensions continue to grow between the two countries, their defence spending is following a similar trend. monica miller reports. the escalating tension between the two countries is turning out to be costly for the us and china. beijing has increased its military spending by more than 7% this year as they try to modernise their military. however, the americans have roughly $

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