By Wendell Minnick
TAIPIEI — Submarine investment remains popular globally, with the Asia-Pacific region taking the lion's share of builds and programs, according to Tony Beitinger, vice president of market intelligence for AMI International Naval Analysts & Advisors.
Worldwide naval investments in submarines continue to outpace all other naval procurements, he said, with 34 countries procuring or planning to acquire submarines over the next 20 years.
There are 12 countries in the Asia Pacific region investing in submarines: Australia, China, India, Indonesia, Japan, Malaysia, Myanmar, Pakistan, Singapore, South Korea, Taiwan and Vietnam. The Philippines, Thailand and Bangladesh have publicly voiced the desire to acquire new or used submarines.
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