Australian Treasurer: National Interest Over Trade With China


Australian Treasurer Josh Frydenberg said on July 7 during an interview with Australia’s Sky News that, “While the economic relationship with China is very important, we have a clear sense of our national interests.” Frydenberg was referring to Australia’s response to Beijing’s retaliatory trade sanctions. “All of the measures we are taking have been designed to protect, enhance, and advance our national interests,” he said. A Strained Relationship China was Australia’s biggest trading partner in 2018 with imports and exports totaling over $200 billion (US$144 billion) dollars a year. But bilateral ties became strained that year when the center-right ruling party of Australia banned Chinese tech giant Huawei from its 5G network. Relations worsened last year when Canberra led the push for an independent international investigation into the origins of the coronavirus. In April this year, Australia cancelled two deals struck by its state of Victoria with China as part of Beijing’s …

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