Australia and Vanuatu have reached a ten-year, A$500m ($328m) agreement to boost security and economic cooperation. The Nakamal Agreement, set to be signed in September, includes funding for data centres, climate resilience projects, and security enhancements, according to BBC.

Australia's Deputy Prime Minister Richard Marles highlighted the “shared destiny” of the two nations, while Vanuatu’s Prime Minister Jotham Napat called it a “win-win situation.” Visa-free travel for Vanuatu citizens will be covered in a separate subsidiary deal.

The pact follows similar agreements Australia has made with Solomon Islands, Tuvalu, and Papua New Guinea, BBC reported.