Free Trial

/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

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.