Canberra/Tokyo/Beijing: Australian Prime Minister Scott Morrison strongly demanded that the World Trade Organisation (WTO) take stern action against countries with aggressive economic policies. The meeting of the G7 countries is starting in the United Kingdom, from Friday; Prime Minister Morrison indicated that this issue would be raised in the meeting. Furthermore, Japan has announced support for the demand that Japan is standing firm with Australia on the aggressive economic policies issue.
The Australian government has taken an aggressive stand against China on issues ranging from the Coronavirus pandemic to Taiwan. China is agitated with this Australian policy. Besides, the communist regime has started a trade war against Australia. China has imposed additional taxes and other restrictions on goods worth $20 billion, sourced from Australia. Australia has lodged a complaint against these Chinese actions with the WTO.
Australian Prime Minister Scott Morrison warned that reforms in the WTO could be a very apt solution for economic aggression. There is a need for a WTO, making effective regulations and mediating any trade dispute without a bias. If a country is using economic aggression, the WTO should take stern action against the country. This could become a powerful tool for the international community to counter economic attack and pressure.’
Morrison pointed out that Australia has adopted an insistent stand against China’s economic pressures over the last few months and is receiving increasing support internationally. It was confirmed in a short time that the belief of the Australian President is not unfounded. This issue was central to the agenda of the Two-Plus-Two meeting between Australia and Japan. The issue also reflected in the joint statement issued by the two countries after the meeting. Moreover, Japan also has upheld the issue of economic aggression.
The joint declaration issued by Japan and Australia said, ‘Australia and Japan concurred on the issue of economic security. We will be firmly opposed to coercion on the economic level and taking steps to create instability. This can weaken the regulation based international system. We express grave concern over this issue.’ Japan being a G7 member, Japan issuing a joint statement in support of Australia become significant. The Australia-Japan joint statement also expressed strong concerns over the Chinese actions in the Xinjiang province. Australia and Japan have demanded that China allow international observers to visit the Xinjiang province, housing the Uyghurs and other minorities.