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/CHINA: Victorian Deal With China Could Be Scrapped

AUSTRALIA

Victoria's controversial trade deal with Beijing may be scrapped by Australia's Foreign Minister, using new powers being proposed by the Federal Government. The Coalition is pushing to regulate all agreements that state and territory governments, local councils and public universities make with foreign nations. A public register would soon be established where all existing arrangements would have to be disclosed, then reviewed by the Foreign Minister. Under the Foreign Relations bill, the Foreign Minister could then terminate any existing agreements, such as Victoria's Belt and Road deal, if they are considered adverse to Australia's foreign relations or are inconsistent with foreign policy.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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