Australia and Vanuatu agree to $328m security and business deal

Further Details Emerge About the Historic Agreement

It was announced last week that both countries would undertake a 32-page joint security and business pact that involves a $328m investment from Australia. Over the weekend, officials released more specific details of the agreement. The deal is designed to enhance Vanuatu's maritime security, support sustainable infrastructure development, and promote inclusive growth for businesses and individuals in Vanuatu. Moreover, the agreement will advance priority initiatives in the climate change, education, and health sectors. Australian High Commissioner Susan Allen stated that the agreement would also help to address issues of climate change and gender equity. The deal has been applauded by many leaders as a model for regional cooperation and is expected to promote stability and prosperity in the Pacific region.

What's Next?

Both governments have task forces in place to ensure the deal's effective implementation. These teams are currently identifying priorities and next steps. Additionally, a joint statement from the Prime Ministers of both countries has been drafted, which will be released publicly in the coming days.