Explore stories from Atlantic Canada.
SYDNEY - Australia will quadruple its financial assistance to Tuvalu, a Pacific Island nation at risk from rising seas, to cement a landmark climate migration and security deal as China also courts small island states.
Another A$15 million will be spent on a national security coordination centre, as well as A$10 million in direct budget support.China's ambitions for a greater security presence in the Pacific became an election issue in Tuvalu in January, as two leadership contenders said Tuvalu should consider switching ties from Taiwan to Beijing for more funds, and revise a new security pact with Australia.
Tuvalu's new prime minister Feleti Teo pledged to stick with Taiwan, and to ratify the Falepili Union signed with Australia in November. The treaty allows Tuvalu citizens to migrate to Australia for work or study, while recognising Tuvalu continues to exist despite the rising sea levels. "It is also the first time in history that two nations have agreed in a legally binding instrument that statehood endures in the face of sea level rise," she added.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Germany sends two warships to Indo-Pacific amid China and Taiwan tensionsExplore stories from Atlantic Canada.
Read more »
Germany sends two warships to Indo-Pacific amid China and Taiwan tensionsExplore stories from Atlantic Canada.
Read more »
Capsizing of Tuvalu boat carrying vaccines highlights climate change challenges, UNICEF saysExplore stories from Atlantic Canada.
Read more »
Australia joins global subsidy race with 'Future Made in Australia' planExplore stories from Atlantic Canada.
Read more »
Morning Bid: Seeking shield from rising yieldConsumer confidence surveys from Japan and Australia and Taiwan's latest inflation print top the Asia-Pacific calendar on Tuesday, with risk appetite more...
Read more »
Global Funds Sell Most Taiwan Stocks Since 2021 Amid TSMC SlumpOverseas investors withdrew NT$85.8 billion ($2.6 billion) from Taiwan shares on Friday, as an outlook cut by heavyweight Taiwan Semiconductor Manufacturing Co. and weakness in global markets soured sentiment.
Read more »