The Australian, on May 9, reported the latest China-Solomon draft Memorandum of Understanding Deepening Blue Economy Cooperation (pdf).
The document stated that the two countries intend to start several joint investment projects, including constructing a port.
The draft states that China and Somalia intend to launch several [quote] “cooperative investment projects, including the construction of port terminals, submarine fiber optic cables, vessel construction and repair facilities, the establishment of deep-sea fishing bases, etc.” [end quote]
The report said that the document is dated “2022” and is unsigned.
Michael Shoebridge, director of defense, strategy, and national security research at the Australian Strategic Policy Institute (ASPI), noted that the document is a typical agreement led by the Chinese regime and Chinese companies.
He cautioned that although it is ostensibly an economic agreement, the Chinese People’s Liberation Army will benefit from it.