8/30/2023 0 Comments France nuclear submarine australia![]() The original contract was worth an estimated 33 billion euros at the time. The settlement of 555 million euros ($584 million) drew a line under the spat and was hailed by Albanese as "fair and equitable". That meeting came after Australia agreed a massive compensation deal with French submarine builder Naval Group to end the contract. "There is a fundamental choice, which is to know whether they produce submarines in their own country or rely on another - whether they go for nuclear or not." China worriesĪlbanese hailed a new start in ties during a visit to Paris in July, stressing he would act with "trust, respect and honesty" in his dealings with Macron. "We will now see how they adapt to the difficulties (they face)," Macron said. He added it would guarantee Canberra's "freedom and sovereignty", noting that construction would be in Australia. He said France would not supply nuclear submarines to foreign countries, so the offer related only to conventional vessels. Speaking in Bangkok a day after meeting Albanese on the sidelines of a G20 summit in Indonesia, Macron said the French offer "remains on the table". The delivery of the new nuclear submarines could take years, potentially leaving Australia short of capacity at a time when China is increasing its assertiveness in the region. The row derailed relations and threatened to sink an EU-Australia trade agreement, but the two sides have made up since Prime Minister Anthony Albanese took power in Canberra. ![]() ![]() Macron was left furious when Australia's previous prime minister Scott Morrison abruptly tore up a contract for France to build a dozen diesel-powered submarines and announced a deal to buy US or British nuclear-powered subs.
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