Chinese President Xi Jinping’s announcement of Australia’s separation from the ambitious Belt and Road Initiative (BRI) project has been overwhelming.
Many other countries, along with Australia, may also be different from this project. In fact, due to increasing military presence in the name of projects and imposing many arbitrary conditions, most of the countries associated with it are now feeling trapped. The Australian BRI agreement was canceled by Australian PM Scott Morrison. Foreign Minister Maris Penn said that the agreement was rescinded using the form-veto provision made under the Commonwealth laws.
In addition, China had deployed troops in the name of security in the ongoing project in the African country of Djibouti. Now the presence of the army can increase there. By sensing this cunning, some African countries can withdraw from BRI.
many terms of the BRI agreement are considered controversial, China has fixed these in their own interests. According to the Georgetown University of America, many conditions are such that loaned countries from China can also publicly state that they have taken loans.
Meaning of cancellation of the agreement
- The agreement was signed between the two countries for cooperation in industrial production, biotechnology, and agriculture. Its cancellation will have an impact on all three areas.
- China’s BRI project will be difficult to maintain
- After Australia, other countries associated with it may withdraw or delay in implementing the agreement.
- Pending the BRI, this burden will also fall on Beijing.
Australia’s decision has been called a negative step by China. It has also said that this will sour bilateral relations. China’s leading diplomat Cheng Jingye blamed Australia for the deteriorating relations between the two countries. However, since April 2020, the relationship between the two countries is deteriorating.
China increasing with the European Union expressing concern for the atrocities of Uygar Muslim minorities in Hong Kong and China. He recently imposed restrictions on many officials, representatives, ambassadors, and people of academia here.
