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The United States, Japan, and South Korea are forming a trilateral partnership to co-develop fast-attack missile corvettes aimed at bolstering maritime security in the Indo-Pacific region amid China's dominance in shipbuilding. The initiative requires significant legislative reforms in the U.S. to facilitate collaboration and attract foreign investment, with production expected to begin within 5-10 years. This effort seeks to modernize allied naval capabilities and support regional partners against maritime threats.