Implications of maritime trade-dependence of India, China and Japan

ABSTRACT India, China and Japan, the economic big three in Asia, is heavily dependent on maritime trade in terms of importation of energy and other natural resources in addition to import/export of manufactured products. Major economic, political and security impact has been resulted from such a dependence, as the sea-lines of communication for maritime trade across the Indian Ocean and West Pacific is vulnerable to heavy conventional/unconventional threat. Policy measures have been taken in order to mitigate the vulnerabilities. Accelerated development of maritime powers, bilateralism/multilateralism, enhanced engagement with regional players and diversification policies are among such effort. The unconventional challenges are on the decline, partly thanks to effective counter-measures, while the conventional challenges is on the rise, also partly due to the mis-match of policies from major stakeholders. The Rise of Indo-Pacific Concept and the Emerging Maritime Regionalism can be a double-edge sword. Clarification of strategic intention and effective policy dialogue is needed for a more harmonious maritime engagement among the three. Strategic vision and smart policies are needed to ensure a cooperation for the benefit of all stakeholder inclusive of the three countries in particular.