AGL 40.00 Decreased By ▼ -0.21 (-0.52%)
AIRLINK 127.00 Decreased By ▼ -0.64 (-0.5%)
BOP 6.72 Increased By ▲ 0.05 (0.75%)
CNERGY 4.51 Increased By ▲ 0.06 (1.35%)
DCL 8.65 Decreased By ▼ -0.08 (-0.92%)
DFML 41.10 Decreased By ▼ -0.06 (-0.15%)
DGKC 85.40 Decreased By ▼ -0.71 (-0.82%)
FCCL 33.10 Increased By ▲ 0.54 (1.66%)
FFBL 65.77 Increased By ▲ 1.39 (2.16%)
FFL 11.65 Increased By ▲ 0.04 (0.34%)
HUBC 111.47 Decreased By ▼ -0.99 (-0.88%)
HUMNL 14.74 Decreased By ▼ -0.07 (-0.47%)
KEL 5.16 Increased By ▲ 0.12 (2.38%)
KOSM 7.59 Increased By ▲ 0.23 (3.13%)
MLCF 40.35 Increased By ▲ 0.02 (0.05%)
NBP 60.11 Decreased By ▼ -0.97 (-1.59%)
OGDC 194.25 Increased By ▲ 0.07 (0.04%)
PAEL 26.60 Decreased By ▼ -0.31 (-1.15%)
PIBTL 7.38 Increased By ▲ 0.10 (1.37%)
PPL 153.80 Increased By ▲ 1.12 (0.73%)
PRL 26.20 Decreased By ▼ -0.02 (-0.08%)
PTC 17.11 Increased By ▲ 0.97 (6.01%)
SEARL 85.60 Decreased By ▼ -0.10 (-0.12%)
TELE 7.58 Decreased By ▼ -0.09 (-1.17%)
TOMCL 34.50 Decreased By ▼ -1.97 (-5.4%)
TPLP 8.93 Increased By ▲ 0.14 (1.59%)
TREET 16.80 Decreased By ▼ -0.04 (-0.24%)
TRG 62.55 Decreased By ▼ -0.19 (-0.3%)
UNITY 27.25 Decreased By ▼ -0.95 (-3.37%)
WTL 1.30 Decreased By ▼ -0.04 (-2.99%)
BR100 10,113 Increased By 27.5 (0.27%)
BR30 31,179 Increased By 9.1 (0.03%)
KSE100 94,996 Increased By 232 (0.24%)
KSE30 29,481 Increased By 71 (0.24%)

SYDNEY: Australia’s Prime Minister Anthony Albanese will meet China’s President Xi Jinping in Brazil on Monday, as Beijing seeks to promote Australia as a model for trading with China in a Trump era, even as Canberra draws closer defence ties with Washington.

The meeting with Xi, which Australian officials said would take place on the sidelines of the G20 summit in Rio de Janeiro, comes a year after Albanese travelled to Beijing to end a years-long diplomatic dispute that saw billions of dollars worth of Australian exports to its largest trading partner blocked.

The pledge by the incoming administration of President-elect Donald Trump to impose hefty tariffs on China appears in contrast to Australia’s policy of stabilising ties and exporting iron ore, gas and agricultural produce to China’s complementary economy, analysts said.

Albanese said on Sunday he would not get involved in bilateral relations between Beijing and Washington, when asked by reporters about Trump’s pledge of China tariffs.

Albanese told reporters Australia had not changed its position on any of the differences it has with Beijing, and exports to China created jobs in Australia.

The US Ambassador to Australia, Caroline Kennedy, said in a speech on Monday that Australia was “hand’s down our most glorious friend”.

She highlighted increased defence cooperation between Washington and Canberra, and plans to develop Australia’s critical minerals sector to break China’s “chokehold”.

Xi vows to work with Trump team as he meets Biden in Peru

“Australian policy with Washington in the Trump era looks increasingly like it is going to be running on two tracks – with deepening and intensifying ties in security, with a more discordant and combative relationship on trade,” said Lowy Institute senior fellow for East Asia, Richard McGregor.

In an editorial last week, the state-owned China Daily newspaper said Australia was a model for US allies in a Trump era, because it had shaken off Washington’s “anti-China spell” to balance trade with China.

“It is true that Canberra’s position on trade with China is vastly different to Washington’s and this difference will only be magnified by the arrival of the Trump administration,” said James Laurenceson, Director of the Australia-China Relations Institute at the University of Technology Sydney.

There was no prospect of Australia joining the US in imposing tariffs on Chinese electric vehicles, for example, and Canberra and Beijing were strong supporters of the World Trade Organization to resolve trade disputes, he said.

Comments

200 characters