Wahyu Dwi Anggoro
IDXChannel - The Australian Government has today launched Invested: Australia’s Southeast Asia Economic Strategy to 2040 to deepen the country’s economic engagement with the region.
The strategy, developed by Special Envoy for Southeast Asia Nicholas Moore, was announced by Australian Prime Minister Anthony Albanese at the ASEAN Indo-Pacific Forum in Jakarta today.
“Southeast Asia’s fast-growing economies present a major opportunity for Australian business, but we haven’t kept pace with their exponential growth," Albanese stated in a media release on Wednesday (6/9/2023)
“Our economic future lies with Southeast Asia. This strategy outlines how we can harness this growth, and seize the vast trade and investment opportunities our region presents," he added.
It sets out a practical pathway to increase Australia’s two-way trade and investment with the region.
Southeast Asia is a centre of global activity and business, and one of the fastest-growing regions in the world. The strategy outlines how Australia can seize the vast opportunities our diverse and vibrant region presents. It also describes what Australia can offer our region, as a trusted and reliable partner.
The Special Envoy identified 10 priority sectors offering the most potential for growth: agriculture and food; resources; green energy transition; infrastructure; education and skills; visitor economy; healthcare; digital economy, professional and financial services; and creative industries.
The Prime Minister has committed to immediately support three initiatives that go to the heart of the strategy and are an investment in Australia’s economic future:
