Australia would not want to take sides in the ongoing trade war between the U.S. or China, said former Australian prime minister Julia Gillard on Friday.
Asked which side Australia would take if forced to choose between Washington or Beijing in the trade dispute, Gillard replied: “We never want to be and will never put ourselves in that position.”
We are an ally of the United States of very long-standing. We are in a strong relationship with China in every sense — of course, in economic relationship, political and diplomatic relationship, people-to-people ties, education, the list goes on,
she told CNBC’s Nancy Hungerford on Friday.
The U.S. is Australia’s largest foreign investor, accounting for a quarter of its foreign investments in 2018, according to the Australian Department of Foreign Affairs and Trade. China is Australia’s ninth largest foreign investor — with 1.8 per cent of the total, according to government data.
We believe, and I think mostly around the world, people believe that we can accommodate the U.S. in the global system in the way that we have historically known it, and the rise of China,
said Gillard, who served as prime minister for three years, from 2010 to 2013.Read More
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