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May 20, 2022 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Belt and Road Project

Australia Cancels Belt and Road Deal with China, citing Inconsistency with Foreign Policy
World

Australia Cancels Belt and Road Deal with China, citing Inconsistency with Foreign Policy

  • On Wednesday, Australia announced that it would revoke the Victorian state government's deal to join the Chinese Belt and Road Initiative, stating that it was inconsistent with the nation's foreign policy.
  • The Australian government passed legislation last year that introduced provisions allowing the state to redact any agreements with foreign countries that deemed to threaten national interest.
Updated 21 Apr, 2021 05:39pm