The 5 Eyes (FVEY) is an intelligence alliance comprising the United States , the United Kingdom, Canada, New Zealand, and Australia.
The former National Security Advisor (NSA) contractor Edward Snowden described the 5 Eyes as a “supra-national intelligence organisation that does not answer to the known laws of its own countries”. Five Eyes Countries Economic Pact Targeting China.
A multilateral agreement for cc Aeration in signals intelligence between Australia, Canada, New Zealand, the United Kingdom, and the United States.
COOPERATION WITH INDIA
With an eye on China, and as part of its effort to maintain peace and rule of law in the Indo-Pacific region, a top U.S Congressional committee has go far to bring 3 democratic countries of the region – India, Japan and South Korea – at par with its ‘5 Eyes’ for intelligence sharing.
The Five Eyes alliance, usually used for intelligence purposes, will be used to create ‘trusted supply chains,” Prime Minister Scott Morrison has told government MPs.
MAJOR STRATEGIC SHIFT
Government leaders confirmed earlier reports that the alliance, which includes the United States, Canada, the United Kingdom and New Zealand, would be used for economic purposes as well as strategic.
BUT WHAT ACTUALLY IS THE SUPPLY CHAIN?
A supply chain is defined as the entire process of making and selling commercial goods, including every stage from the supply of materials and the manufacture of the goods through to their distribution and sale. Successfully managing supply chains is essential to any company hoping to compete.
The U.S.A. is dependent on China in Sixteen (16) categories, across five sectors that run the gambit between things that few really ever think of (rare earth materials 68% from China) to things school nurses and families have at home (Vitamin C and Vitamin D 75% from China).
China has access to capital markets. In fact,Wall Street loves China.Venture capital loves China tech.Tik-Tok is Chinese. Zoom video Platform is the brainchild of a Chinese entrepreneur now living in Silicon Valley (USA).
Thanks to China’s easy access to global capital and its talent pool, China will likely reach tech parity with the U.S.A. between 2025-2030, based on the data crunchers at Deutsche Bank’s dbDig, a big data platform.
For example, India obtains 67.56% APIs from China which are valued at $2.4 billion and meets 90% of all API requirements from imports. Further, India’s dependence on API imports has increased over the years which stood at 0.3 % in 1991.
FIVE EYES ECONOMIC AGREEMENT
The agreement is seen by security experts as a hardening of the alliance between Western democracies in response to China, and the elevation of the Five Eyes -alliance — which was forged after World War II in response to the Soviet threat as central to a post-coronavirus world.
Using international trade data compiled by the United Nations, the report found that Australia depends on China for 595 different goods ranging from ballpoint pens to pharmaceuticals to garlic. New Zealand was second-most dependent on China (for 5 13 different goods) followed by the United States (414), Canada (367) and the United Kingdom (229). Five Eyes Countries Economic Pact Targeting China