US Edition
Australia probes $1 billion Nauru-China business deal
Australia probes if Nauru's $650 million deal with a Chinese firm breaches a security treaty requiring Canberra's approval for agreements involving critical infrastructure.
- Australia is seeking clarification from Nauru about a claimed $1 billion investment agreement with the China Rural Revitalisation and Development Corporation , which may breach a treaty signed with Australia just nine months ago.
- Nauru's government stated that the investment would focus on key sectors, including renewable energy and marine fisheries, but details remain scarce.
- Analysts, like Graeme Smith, believe the investment claim is unlikely due to Nauru's small economy and suggest it may be a political tactic ahead of the upcoming parliamentary election.
- Nauru's foreign minister, Lionel Aingimea, announced the investment agreement, but the ABC could not find any information about the CRRDC, including no public statements or existence records.
11 Articles
11 Articles
Australia Probing Whether Nauru’s $1 Billion China Deal Breaches Security Treaty
The Australian government is investigating whether Nauru’s new AU$1 billion (US$650 million) development deal with a Chinese corporation breaches an ongoing bilateral security pact. That pact, agreed to in December 2024, requires Nauru to seek Australia’s consent before entering into any third-party security arrangement, including projects involving critical infrastructure such as telecommunications or banking. The exclusivity condition is aimed…
Billion-dollar Chinese investment proposed in Nauru sparks concern in Canberra
Australia has pressed Nauru for more detail about a claimed billion-dollar investment agreement that it has signed with a mysterious Chinese company, as federal government officials scramble to ensure the Pacific nation is not breaching a landmark treaty it signed with Australia just nine months ago.
Hong Kong Free Press
Australia probes Nauru-China business deal
Australia was Tuesday investigating whether Pacific microstate Nauru breached a security treaty by inking a lucrative business deal with a Chinese company. Nauru. File photo: SlimMars/Pexels. Nauru last week announced it had signed a US$650 million economic development agreement with the China Rural Revitilisation and Development Corporation. Australian Minister for Pacific Island Affairs Pat Conroy said officials were looking into whether that …
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