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Thursday, December 20, 2007

Taiwan president pushes for naval build-up

Taiwan's President Chen Shui-bian yesterday pressed for a build-up of the island's seaborne defences, warning of a possible Chinese blockade during a trip to a naval base.

Taiwan is moving slowly towards acquiring eight new submarines from the United States after gaining parliamentary approval for a two billion dollar (61.54 million US) "assessment fee" last week."

Since Taiwan is surrounded by ocean, its external trade relies largely on shipping.

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