New Australia Law Can Scrap China Belt and Road Accords
Prime Minister Scott Morrison has new powers to veto or scrap agreements that state governments reach with foreign powers under laws that could stymie China’s Belt and Road Initiative in Australia and further inflame tension between the trading partners.
New Australia law passed by Parliament on 8 Dec (Tuesday) will give the foreign minister the ability to stop new and previously signed agreements between overseas governments between overseas governments and Australia’s states and territories, and with bodies such as local authorities and universities.
The states and territories have at least 130 agreements across 30 nations that could be affected by the new law, according to Morrison.
It’s the latest move by the government to safeguard national interests. Morrison also plans to toughen foreign investment screening.
Source: Bloomberg #Dec08
https://www.bloomberg.com/news/articles/2020-12-08/australia-passes-law-that-can-scrap-china-belt-and-road-accords
#Australia #AustraliaLaw #BeltRoadInitiative
Prime Minister Scott Morrison has new powers to veto or scrap agreements that state governments reach with foreign powers under laws that could stymie China’s Belt and Road Initiative in Australia and further inflame tension between the trading partners.
New Australia law passed by Parliament on 8 Dec (Tuesday) will give the foreign minister the ability to stop new and previously signed agreements between overseas governments between overseas governments and Australia’s states and territories, and with bodies such as local authorities and universities.
The states and territories have at least 130 agreements across 30 nations that could be affected by the new law, according to Morrison.
It’s the latest move by the government to safeguard national interests. Morrison also plans to toughen foreign investment screening.
Source: Bloomberg #Dec08
https://www.bloomberg.com/news/articles/2020-12-08/australia-passes-law-that-can-scrap-china-belt-and-road-accords
#Australia #AustraliaLaw #BeltRoadInitiative
Bloomberg.com
New Australia Law Can Scrap China Belt and Road Accords
Prime Minister Scott Morrison has new powers to veto or scrap agreements that state governments reach with foreign powers under laws that could stymie China’s Belt and Road Initiative in Australia and further inflame tensions between the trading partners.
What it’s like living next to a Belt and Road Project
A lot reviews and analysis have been written about China’s multibillion-dollar Belt and Road Initiative by economists, political scientists, and climate experts; however, it’s rare to hear from the people whose lives are directly affected by the program.
It was a chance for them to express their concerns, such as disputes over land use rights, water and air pollution, deforestation, and loss of indigenous culture are just some of the issues they raised. The stories are a powerful reminder to governments and investors to consider the environmental and social impact of the BRI.
Source: Bloomberg #Dec21
https://www.bloomberg.com/news/articles/2020-12-21/what-it-s-like-living-next-to-a-belt-and-road-project
#BRI #BeltRoadInitiative #China #Environmental
A lot reviews and analysis have been written about China’s multibillion-dollar Belt and Road Initiative by economists, political scientists, and climate experts; however, it’s rare to hear from the people whose lives are directly affected by the program.
It was a chance for them to express their concerns, such as disputes over land use rights, water and air pollution, deforestation, and loss of indigenous culture are just some of the issues they raised. The stories are a powerful reminder to governments and investors to consider the environmental and social impact of the BRI.
Source: Bloomberg #Dec21
https://www.bloomberg.com/news/articles/2020-12-21/what-it-s-like-living-next-to-a-belt-and-road-project
#BRI #BeltRoadInitiative #China #Environmental