Canberra, June 29 (IANS) Australia and Vanuatu signed a new treaty, the Nakamal Agreement, in Canberra on Monday that ensures that there will be “no foreign military base” in Vanuatu and its critical infrastructure will remain free from militarisation, Australian Prime Minister Anthony Albanese announced. Addressing a joint press conference with Vanuatu PM Jotham Napat in Canberra, Albanese said, “Our agreement reflects and confirms Australia’s role as Vanuatu’s largest and most comprehensive ec…
Latest Pacific region News & Updates
New Delhi, June 23 (IANS) With the West Asia conflict leading to energy shocks and disruption in supply chains due to the choking of Strait of Hormuz, the importance of alternative trade routes for countries like India has come to the fore, according to a new report.In this context, the Eastern Maritime Corridor (EMC), an Indo-Pacific seaborne trade route between southern India and Russia’s Far East connecting Chennai port with Russia’s Vladivostok port, features both as an economic and stra…
New Delhi, May 4 (IANS) The India‑New Zealand free trade agreement sets a bilateral trade target of $5 billion over five years and will act as a gateway to Oceania positioning India as a primary partner in the Pacific region, a report said on Monday.The report from Brickwork Ratings said the pact also envisages $20 billion of foreign direct investment into India over 15 years and that near‑term FDI will reportedly target pharmaceuticals, agri‑tech and education.Emerging technologies and gr…