Australia Could Be Set To Strike Back At
Australia could be set to strike back at [/news/china/index.html China] as the two nations continue to engage in an ugly trade war, as ministers consider scrapping a widely-touted research agreement.
The ongoing deal, signed off in 2015, sees grants of up to $200,000 handed out to Victorian universities and companies to share research and data.
But the agreement could be axed by the federal government, ending the deal with China's Jiangsu province which sees intellectual property and new product development shared across the two nations.
Relations between Australia and China have dramatically soured since Prime Minister Scott Morrison called for an independent inquiry into the spread of the Covid-19 pandemic from its source in the Chinese city of Wuhan back in April.
In a seemingly tit-for-tat response, a furious China has imposed a raft of trade measures on Australian products from barley to beef, recently adding timber to the list.
China's President Xi Jinping (pictured above) has been critical of Australia after PM Scott Morrison called for an investigation into the origins of the coronavirus
Dr Paul Monk, former head of China analysis in Australia's Defence Department (pictured above) is concerned about China's motives when dealing with Australia
There are mounting fears the Victoria-Jiangsu Program for Technology and Innovation Research and Development could not be in the best interests of Australia's national affairs.
According to [ ] recent legislation introduced by the federal government in December sees the Commonwealth able to cancel agreements with foreign powers if the deals are perceived as harmful.
Dr Paul Monk, the former head of China analysis in Australia's Defence Department, said the current Jiangsu deal could see Chinese government officials blatantly take advantage of Australia.
'For du lịch bắc kinh this deal to be getting promoted by the Chinese government, there is likely to be something we can provide that they want - otherwise they would do it themselves,' he said.
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'So we must ask: what [intellectual property] do we bring to the table that they are seeking?'
The current terms of the Jiangsu deal see a number of Australian entities frequently travel to the region for research and development in sectors such as aerospace, biotechnology and medicine.
Former Trade Minister Simon Birmingham recently lodged an official complaint with the World Trade Organisation in relation to Beijing's conduct in the ongoing trade dispute Australia and China.
'We have a series of different actions that China has taken during the course of the year and each come with slightly different criteria for how you might respond at the WTO,' he said earlier this month.
China imposed a 212 per cent import tax on Australia wine in November, as trade wars continue to escalate (pictured, Australian wine on sale in Beijing in December)
The ugly trade war has escalated to include export industries such as beef, lobster, timber, lamb and coal (pictured, a cattle farmer in Queensland)
'The application of pressure on [markets] in the Chinese system where businesses within China are state-owned enterprises, being discouraged from purchasing Australian goods [is one].
In May this year, China imposed 80 per cent tariffs on barley, prompting an official complaint to the WTO from Mr Birmingham this month.
Australian wine also incurred 212 per cent import taxes in November, following months of trade intimidation against beef, lobster, timber, lamb and du lịch bắc kinh even coal exporters.
<div class="art-ins mol-factbox news" data-version="2" id="mol-29511a00-4895-11eb-96e1-6764b852501c" website poised to fight back against Chinese trade war