Australia Secures Unprecedented Veto Power Over Nauru’s Security Agreements
Australia has gained a significant veto over Nauru’s security pacts, ensuring mutual agreement on external engagements and bolstering the Pacific nation’s budget.
Nauru, Australia, Security Pact, Pacific Region, Anthony Albanese, David Adeang
Canberra: So, Australia just scored a big win with Nauru. They’ve got this new deal that gives them a sort of veto power over Nauru’s security agreements with other countries. Pretty wild, right?
Under this pact, both countries have to agree on anything related to Nauru’s security, banking, and even telecommunications. If another country wants to get involved, Australia has to be in the loop. This means no sneaky deals with China, which is a big deal since they’ve been trying to make moves in the Pacific.
In return for this power, Australia is throwing in $100 million to help Nauru’s budget and another $40 million for security over the next five years. That’s a nice chunk of change!
Also, Commonwealth Bank is stepping in to provide banking services starting in 2025, taking over from Bendigo Bank. Australia is really trying to keep a strong presence in the Pacific, especially with concerns about China’s influence.
Prime Minister Anthony Albanese said this treaty is a win-win for both nations. He emphasized their shared commitment to security in the Pacific, which is super important for stability in the region.
Nauru’s President, David Adeang, expressed gratitude for Australia’s support, highlighting how vulnerable Nauru is and how much they appreciate the backing. The treaty is set to kick off in 2025 after both countries finalize their domestic processes.