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Australia and Vanuata agreed to a 10-year transaction aimed at strengthening security and economic ties, worth $ 500 million ($ 328 million; £ 241 million).
The so -called crop agreement – the result of the months of negotiations – will turn Australia’s relations with its Pacific neighbor, the leaders of both countries said on Wednesday.
“We are a family,” said Australian Deputy Prime Minister Richard Marls, adding: “Our future is very connected.” Vanuatu leader Jotema Napata called this deal as a “win -win situation” for both countries.
The transaction, which will be officially signed in September, occurs when Australia tries to increase its influence in the region to resist China’s cost and power.
While the Australian government has not submitted more details on transactions, the Australian broadcast corporation (ABC) reports that it will provide funds for the construction of two large data centers in the capital, Port -Ville and Vanuatu’s largest island, Santa.
Millions will also be poured into help on the island of lowland fight against climatic changes as well as creating its safety.
In the earlier stages of the negotiations, it was discussed without visa trips for Vanuatu citizens and was considered a key part of the transaction. However, Napat said in the media on Wednesday that the issue would be disseminated in the “subsidiary” agreement, but still needed to confirm.
It is unclear that, if any, Vanuatu’s commitments were given to Australia as part of the transaction.
A similar agreement fell in 2022 after the previous Prime Minister Vanuata came out at the last minute about security issues, ABC reports.
At the press conference on the side of the volcano on the island, it is cheap, one of the 80 plus in the Vanuata archipelago, Marl emphasized the “common fate” of the two countries.
“(Transaction) admits that, as neighbors, we have a common security environment and commitment to each other,” he said.
The Foreign Minister in Australia added that the transaction was linked to the long -term future.
“The most important thing (about the deal) is where we will be (in) three and five and ten years,” said Penni Wong.
Vanuatu Prime Minister Napat said the agreement will bring “a lot of great advantages between the two countries, whether it is a security agreement, economic transformation, with a certain emphasis on mobile mobility and financial support.”
The Vanuatu deal this week comes after Australia has signed similar pact with several other Pacific neighbors in recent months.
Canberra concluded a new participation in $ 190 million with Solomon Islands last December, and similar agreements were also from goods and Papua -Nova Guinea.
