. Military Space News .
TRADE WARS
Australia urges China to drop trade tariffs
by AFP Staff Writers
Sydney (AFP) May 25, 2022

Australia's economy minister called on China Wednesday to drop punishing trade tariffs if it wants to thaw frozen relations, after Beijing sent a message signalling it is ready to improve ties.

China -- Australia's biggest trading partner -- imposed tariffs and disrupted more than a dozen key industries, including wine, barley and coal, as relations deteriorated sharply in the past two years.

Canberra had irked Beijing by calling for an independent probe into the origins of the coronavirus pandemic and by banning telecoms giant Huawei from building Australia's 5G network.

Treasurer Jim Chalmers said Australia felt the pain of the Chinese trade squeeze, calling for the measures to be lifted "as soon as possible".

"They are damaging our economy. They are making life harder for some of our employers and workers here in Australia," he told public broadcaster ABC.

"Obviously, we would like to see those measures lifted. That would be a really great start, when it comes to how we manage what is a really complex relationship, a relationship that has become more complex over time."

Chinese Premier Li Keqiang sent a congratulatory note to newly elected Prime Minister Anthony Albanese earlier this week, the most significant high-level contact between Beijing and Canberra in at least two years.

Li's letter said China was ready to work with Australia to "review the past, look into the future" and promote a "comprehensive strategetic partnership", the state-run Xinhua news agency said Monday.

The prime minister said Australia would respond "appropriately".

- 'Tough on China' -

The Chinese message paves the way for dialogue but the outlook is hard to predict, said Elena Collinson, a researcher at the University of Technology Sydney's Australia-China Relations Institute.

"Certainly a reset is not in the offing," she said.

While Australia is demanding an end to Chinese economic punishment, Canberra's "tough-on-China" stance may make it harder to agree to concessions Beijing is likely to request, Collinson said.

Australia's treasurer said Canberra would deal in a "considered, sober, non-partisan way" with China's "more aggressive and more assertive" stance in the Pacific region.

"The stronger the region is, the more cohesive the region is, the safer it is, the more prosperous it is," he said.

Australia is worried about Beijing's growing influence in the Pacific region, including a recent security pact between China and the Solomon Islands.

A leaked draft of the agreement, which has not been made public, includes a section that would allow Chinese naval deployments to the Solomons -- less than 2,000 kilometres (1,200 miles) from Australia.

China's foreign minister, Wang Yi, is set to embark Thursday on a 10-day tour of Pacific island states, including the Solomon Islands, Fiji and Papua New Guinea.

Announcing the trip, the Chinese foreign ministry said it would be "beneficial to the peace, stability and prosperity of the Asia-Pacific region".

Australia's prime minister attended a "Quad" summit in Tokyo on Tuesday with the US, Indian and Japanese leaders, who jointly warned against attempts to "change the status quo by force" in the Asia-Pacific region.

The Solomon Islands government severed ties with Taiwan in September 2019 in favour of diplomatic relations with China, a switch that unlocked investment but stoked internal rivalries.


Related Links
Global Trade News


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
Didi shareholders vote to delist from New York stock exchange
Beijing (AFP) May 23, 2022
Shareholders of Chinese ride-hailing giant Didi Global voted Monday to delist the company in New York, the firm said in a statement, nearly one year since it was hit by a sweeping tech clampdown. Didi, once known as China's answer to Uber, got into hot water after ploughing ahead with an initial public offering in the United States in June 2021, reportedly against the wishes of regulators in Beijing. Days after Didi raised $4.4 billion in its initial public offering, Chinese authorities launched ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Belarus buys S-400, Iskander missiles from Russia: Lukashenko

Turkey says still talking to Russia about missile deliveries

Lockheed Martin to produce 8th THAAD Battery for US Govt

Northrop Grumman to develop next-generation relay ground station for US Navy in Pacific

TRADE WARS
DOD focused on hypersonic missile defense development, Admiral Says

Lockheed Martin delivers Long-Range Precision Strike Missile System on JLTVs

Russia admits striking Kyiv during UN chief's visit

Raytheon will not resume mass production of Stinger missiles until 2023

TRADE WARS
From drones to sensors, Malaysian durian grower goes high-tech

AI-powered machines tough enough to work safely in hostile hotspots

Six killed in Iraq drone strikes blamed on Turkey

4D composite printing can improve the wings of drones

TRADE WARS
Space Rapid Capabilities Office awards $1.4B effort to BlueHalo

China launches three low-orbit communication test satellites

Blasting out Earth's location with the hope of reaching aliens is a controversial idea

Yahsat awarded $23M contract to supply advanced satellite communications for UAE satellites

TRADE WARS
New Zealand to train Ukrainian forces in artillery use

One dead in munitions blast at Russian military base

The Edge of Tomorrow aims to equip the infantry soldiers of the future

New Air Force priority topics unveiled for industry partners

TRADE WARS
Prague to get German tanks in exchange for Ukraine aid

France to step up arms supplies to Ukraine, Macron tells Zelensky

Experts warn arms for Ukraine could end up in wrong hands

EU hikes military aid for Ukraine as NATO expansion faces roadblocks

TRADE WARS
Marcos Jr says Philippines to uphold South China Sea ruling

Putin can't dictate peace in war he 'won't win': Scholz

Macron urges Turkey to respect Finland, Sweden NATO choice

Blinken says global order must survive China but no 'Cold War'

TRADE WARS
New silicon nanowires can really take the heat

Cooling speeds up electrons in bacterial nanowires

Seeing more deeply into nanomaterials

Atom by atom: building precise smaller nanoparticles with templates









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.