Sunday, September 06, 2020

TRILATERAL TRADE AGREEMENT_ Trilateral trade agreement that could change Australian relations with China

NEWS.COM.AU

finance  -  economy  -  australian economy


Trilateral trade agreement that could change Australian relations with China

There’s a secret master plan brewing between India, Japan and Australia, which could mean bad news for Beijing and good news for our economy.

Tarric Brooker

news.com.au
September 7, 20201:43am

Video  -  Image



As Australia’s trade relationship with Beijing continues to deteriorate, Canberra is increasingly looking to reduce its heavy economic dependence on exports to China. Picture: NCA NewsWire /Gary RamageSource:News Corp Australia


As the sands of the global geopolitical landscape continue to rapidly shift amid coronavirus and the subsequent economic crisis, fault lines in trade and diplomatic relationships have returned to the forefront once more.

For well over a decade, federal governments from both the major parties have insisted that Australia could continue to walk the fine line between its security relationship with the US and its strong trade ties with China.

But now, as Australia’s trade relationship with Beijing continues to deteriorate, Canberra is increasingly looking to reduce its heavy economic dependence on exports to China.

Recently it was announced that the Morrison government would be seeking veto powers of all public deals with foreign nations, including existing agreements made by state governments and universities.

It is expected that the Morrison government will likely use the new powers to terminate the Victorian state government’s participation in China’s ‘Belt and Road’ initiative.

This initiative is Beijing’s global infrastructure program designed to link China to the world and foster the spread of Chinese influence.

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READ MORE: https://www.news.com.au/finance/economy/australian-economy/trilateral-trade-agreement-that-could-change-australian-relations-with-china/news-story/742fd80eef13fe3a68cae317e12297d7

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It is expected that the Morrison government will likely use the new powers to terminate the Victorian state government’s participation in China’s ‘Belt and Road’ initiative.

This initiative is Beijing’s global infrastructure program designed to link China to the world and foster the spread of Chinese influence.

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