• About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • Disclaimer
  • Sitemap
Monday, September 28, 2026
The AUSTRALIAN BUSINESS JOURNAL
  • Home
  • Business and Finance
  • Entertainment
  • Entrepreneurs
  • Lifestyle
  • Marketing
  • Tech
No Result
View All Result
  • Home
  • Business and Finance
  • Entertainment
  • Entrepreneurs
  • Lifestyle
  • Marketing
  • Tech
No Result
View All Result
Australian Business Journal
No Result
View All Result
Home Top Stories

Australia Backs Away From China’s Belt And Road Initiative To Protect National Interest

by Shaheer Ansari
April 23, 2021
in Top Stories
0
Share on FacebookShare on Twitter

Australia has rescinded agreements with China’s Belt and Road initiative, sparking outrage from Beijing and adding to tensions between the two countries.

The provincial government has used the new power to end two deals made between Victoria and China.

‘Provocative’

Canberra has said it is backtracking on agreements to protect Australia’s national interest.

The Chinese ambassador to Australia described the act as “provocative”.

It said Canberra’s action “would definitely damage the relationship between the two countries, and end up hurting itself

“This also shows that the Australian government is not serious about improving relations between China and Australia,” a spokesman said in a statement.

Australia’s National Interest

It is the first time Canberra has used its power to veto deals made by states, local governments or public universities with foreign countries. The laws allow the government to cancel agreements deemed to threaten Australia’s national interest.

In addition to China’s agreements, Foreign Minister Marise Payne also canceled agreements with Iran and Syria. It was a memorandum of understanding closed between the Victoria and Iran sealed between Victoria’s education department and Iran, signed in 2004, and a 1999 scientific cooperation agreement signed with Syria.

Senator Payne said the four agreements “were not in line with Australian foreign policy or contradicting our foreign relations”.

Tags: australiachina
Shaheer Ansari

Shaheer Ansari

Shaheer is a Business, Finance, DeFi, and Entertainment journalist. He enjoys keeping up to date with industry happenings and gossips, thereby enabling him to report well-researched and latest stories to our readers.

Next Post

Chris Poole Who Invented Controversial Online Messaging Board In 2003 Quits Working For Google After 5 Years

Please login to join discussion

Popular News

  • National Cabinet Agrees to New Rules for AI Data Centres

    National Cabinet Agrees to New Rules for AI Data Centres

    0 shares
    Share 0 Tweet 0
  • Australia Introduces New Rules for AI and Data Centres: What It Means for Tech Giants

    0 shares
    Share 0 Tweet 0
  • The 10 Australian Makeup Artists to Watch in 2021

    0 shares
    Share 0 Tweet 0
  • Why Effective Working at Heights Training Is a Strategic Imperative, Not Just a Compliance Exercise

    0 shares
    Share 0 Tweet 0
  • Australia Inflation Falls to 3.5%, But RBA Rate Hike Risk Returns

    0 shares
    Share 0 Tweet 0
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • Disclaimer
  • Sitemap

© 2021 The ABJ -The Australian Business Journal. All Rights Reserved.

No Result
View All Result
  • Home
  • Business and Finance
  • Entertainment
  • Entrepreneurs
  • Lifestyle
  • Marketing
  • Tech

© 2021 The ABJ -The Australian Business Journal. All Rights Reserved.