Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Is Australia putting “too many trading eggs” in China’s basket?

Published

on

Australia is under pressure to impose sanctions on Chinese officials for alleged human rights abuses and follow the lead of several other western nations.

Why is Australia staying silent?

It comes after Australia’s Prime Minister Scott Morrison made a declaration that his country should join the US and “develop a best practice targeted sanctions regime.”

However, six months on from this announcement, and the Australian government is yet to pass such laws, and remains non-committal.

Natasha Kassam from the Lowy Institute says that “perhaps the Australian government is concerned about causing even more friction to a relationship that seems to get described at a new rock-bottom on a monthly basis.”

In March, the US, the European Union, the UK. and Canada enacted new laws to sanction Chinese officials involved in alleged human rights abuses in Xinjiang

“The Prime Minister doesn’t have a plan”

Australian Greens Senator Sarah Hanson-Young told Ticker News she believes the PM doesn’t have a plan when it comes to dealing with China.

Hanson-Young says there’s a huge human rights issues in China, “I think about those, the wages and the camps. I think this is just horrific.

“Australia does need to be standing up and calling out that behaviour, what’s going on in Hong Kong, the crackdown on free media and the freedom of the press. I think these are all things we need to be, of course, standing up too. But the problem is, the Prime Minister doesn’t have a plan.”

Hanson-Young says Morrison is “very knee jerk in relation to China”

Is Australia putting “too many trading eggs” in China’s basket?

Hanson-Young says “obviously it’s a very difficult issue, and it’s very difficult to thread the needle when we’ve invested so much in China as a trading partner, and probably too much.”

“We put too much of our eggs, trading eggs into China and we needed to be diversifying years ago.”

“That is starting to happen in certain commodities but not across the board. And so there is still a big need for China to be trading with Australia.

Will China agree to a minimum corporate tax rate?

In the wake of G7 member nations agreeing to a minimum global corporate tax rate, there are concerns over China’s willingness to take part.

More than 100 countries will need to agree on the new framework which will impact multinational companies, seeing these corporations taxed at least 15 percent.

Although China already has a corporate tax rate of 25 percent, there are numerous exemptions for most companies, which brings the rate well below the proposed 15 percent.

If Beijing refuses to adopt the agreement, leaders from wealthy nations worry it will be difficult to achieve wider global acceptance.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

U.S. and Israel attack Iran, escalating regional conflict

U.S. and Israel strike Iran, escalating war fears and risking wider regional conflict for the second time in eight months

Published

on

U.S. and Israel strike Iran, escalating war fears and risking wider regional conflict for the second time in eight months

video
play-sharp-fill
In Short:
– U.S. and Israel launched strikes against Iran amid fears of a broader regional conflict.
– Iranian officials warn that attacks could lead to full-scale war as they prepare for retaliation.
The attack marks the second war between the U.S., Israel, and Iran within eight months, raising concerns about a wider regional conflict in a critically important economic area.Israeli Defence Minister Israel Katz confirmed the strikes and declared a state of emergency across all areas of Israel.

The U.S. also carried out strikes as part of the operation, according to a U.S. official.

Banner

The military operation followed a month of U.S. military buildup, ignited by President Trump’s commitment to support Iranian protesters who demonstrated against the regime in January.

The President consistently warned Iran could face military action if it continued its nuclear program. Vice President JD Vance stated that Iran’s responses in two negotiation rounds failed to meet U.S. expectations.

Escalating Tensions

Iranian officials cautioned that any attack would provoke retaliation, warning that even minor strikes could escalate into a full-scale regional war.

The nation has prepared for conflict by mobilising its forces, reinforcing its nuclear facilities, decentralising decision-making, and tightening internal security measures.

Continue Reading

News

Australia issues evacuation advisory for diplomats and citizens in the Middle East

Australian diplomats’ families in Israel and Lebanon urged to evacuate amid rising tensions; all Australians advised to leave soon.

Published

on

Australian diplomats’ families in Israel and Lebanon urged to evacuate amid rising tensions; all Australians advised to leave soon.

Families of Australian diplomats in Israel and Lebanon have been ordered to evacuate as tensions in the region continue to rise. The government is prioritising the safety of its personnel and their families.

All other Australians have been urged to leave while commercial flights and other travel options are still available. Authorities are emphasising the importance of acting quickly before options become limited.

The Department of Foreign Affairs and Trade has warned that the security situation in the Middle East remains unpredictable and volatile.


Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker


Download the Ticker app

Continue Reading

News

Trump signals possible action on Iran nuclear threat

Trump warns Iran on nuclear weapons and highlights threats, as US boosts military presence amid stalled talks.

Published

on

Trump warns Iran on nuclear weapons and highlights threats, as the US boosts military presence amid stalled talks.

President Donald Trump laid out a strong warning to Iran during his State of the Union address. He labelled Tehran as the world’s biggest sponsor of terrorism and signalled that the U.S. might take action if Iran continues its nuclear ambitions.

Trump emphasised that Iran’s missile and nuclear programs, along with its backing of militant groups, pose serious threats to regional stability.

This comes amid growing concerns over Iran’s nuclear developments and the stalled diplomatic efforts to curb them.


Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker


Download the Ticker app

Continue Reading

Trending Now